Syngenta will gain access to high-quality ‘germplasm’, a seeds pipeline and commercial varieties which complement the company’s portfolio in two of Europe’s most important crops.
Lantmannen employees in Germany and Poland will also join Syngenta.
As part of the transaction, Syngenta and Lantmannen will also enter into an R&D collaboration in wheat, and Lantmannen will distribute Syngenta cereals and WOSR seeds in Sweden.
Financial details were not disclosed. The transaction is subject to approval by the German competition authority and is expected to close in July 2014.
© FoodBev Media Ltd 2024