KWS SAAT SE & Co. KGaA
KWS SAAT SE & Co. KGaA: KWS acquires tomato breeding company
DGAP-News: KWS SAAT SE & Co. KGaA
/ Key word(s): Takeover
Einbeck/Wageningen, March 10, 2021 KWS acquires tomato breeding company KWS is developing its own vegetable seed business through a greenfield approach with organic growth, supplemented by suitable acquisitions and the sales of licensed-in varieties. “We are delighted to welcome the Geneplanta team into the KWS family,” said Dr. Léon Broers, KWS Executive Board Member responsible for Research & Development and the Business Unit Vegetables. “They have established an attractive tomato portfolio within a relatively short period of time for the plant breeding industry”. Geneplanta’s entire business will be integrated into the KWS Vegetables Business Unit. Background: New business unit for vegetable seeds In the summer of 2019, KWS announced its entry into the long-term growth market for vegetable seeds. This move included the acquisition of Dutch vegetable breeding company Pop Vriend Seeds, the world market leader in spinach seed. Over recent months, KWS has been concentrating on staffing the new business division as well as on launching its own breeding activities in Spain, Brazil and Turkey. The global vegetable seed volume is estimated at approximately six billion euros annually and a growth rate of roughly five percent per year. A stronger awareness of healthy, vitamin-rich nutrition as well as global population development are the key drivers of this growth. About KWS* KWS is one of the world’s leading plant breeding companies. In the fiscal year 2019/2020, more than 5,700 employees in 70 countries generated net sales of EUR 1.3 billion. A company with a tradition of family ownership, KWS has operated independently for more than 160 years. It focuses on plant breeding and the production and sale of seed for corn, sugarbeet, cereals, rapeseed, sunflowers and vegetables. KWS uses leading-edge plant breeding methods to increase farmers’ yields and to improve resistance to diseases, pests and abiotic stress. To that end, the company invested more than EUR 200 million last fiscal year in research and development. For more information: www.kws.com. Follow us on Twitter(R) at https://twitter.com/KWS_Group.
10.03.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | KWS SAAT SE & Co. KGaA |
Grimsehlstraße 31 | |
37555 Einbeck | |
Germany | |
Phone: | +49 (0)5561 311-0 |
Fax: | +49 (0)5561 311-322 |
E-mail: | info@kws.com |
Internet: | www.kws.de |
ISIN: | DE0007074007 |
WKN: | 707400 |
Indices: | S-DAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1174345 |
End of News | DGAP News Service |