Stuttgart, Cologne, Germany – Bosch and BASF Digital Farming have signed a 50:50 joint venture (JV) agreement to globally market and sell smart farming solutions from a single source in the future. The JV agreement was signed on November 10, 2020 and will be followed by the founding of a new company based in Cologne, which will be established in the first quarter of 2021. The foundation is subject to the approval of the relevant antitrust authorities. Both parties have agreed not to disclose financial details.
About BASF’s Agricultural Solutions division
With a rapidly growing population, the world is increasingly dependent on our ability to develop and maintain sustainable agriculture and healthy environments. Working with farmers, agricultural professionals, pest management experts and others, it is our role to help make this possible. That’s why we invest in a strong R&D pipeline and broad portfolio, including seeds and traits, chemical and biological crop protection, soil management, plant health, pest control and digital farming. With expert teams in the lab, field, office, and in production, we connect innovative thinking and down-to-earth action to create real world ideas that work – for farmers, society and the planet. In 2019, our division generated sales of €7.8 billion. For more information, please visit www.agriculture.basf.com or any of our social media channels.
About xarvio Digital Farming Solutions; a brand by BASF Digital Farming GmbH
xarvio is at the forefront of the digital transformation of agriculture, optimizing crop production. xarvio offers digital products, based on a global leading crop model platform, which deliver independent, field-zone-specific agronomic advice that enables farmers to produce their crops most efficiently and sustainably. xarvio products SCOUTING, FIELD MANAGER and HEALTHY FIELDS are being used by farmers in more than 100 countries. xarvio FIELD MANAGER is used by 37,000 farmers (total area of more than 4 million ha) in 15 countries, and xarvio SCOUTING is used by more 3.4 million farmers and consultants. For more information please visit xarvio.com or any of our social media channels.