Nutrien to acquire venture-backed Agrible for $63 mln
Nutrien Ltd (TSX, NYSE: NTR), a Saskatoon-based crop inputs and services provider, has agreed to acquire Agrible Inc, a U.S. provider of predictive analytics tools that deliver field-specific data and forecasts to growers and other companies. Nutrien agreed to pay US$63 million for Agrible. The deal is expected to close this month. Nutrien, formed in January by the merger of Agrium Inc and Potash Corp, said the acquisition will provide it with digital capabilities that support the growth of its retail business. Founded in 2012, Agrible was backed by Archer Daniels Midland Co, Flyover Capital, Maumee Ventures, Serra Ventures and other investors.
18 July 2018•4 mins read
