BASF, the German chemical conglomerate,has completed the acquisition of several businesses and assets from Bayer.

According to BASF, the acquisition is a strategic complement to BASF’s crop protection, biotech and digital farming activities.

The acquisition also marks BASF entry into seeds, non-selective herbicides and nematicide seed treatments.

“This acquisition strengthens our market position in agricultural solutions and creates new opportunities for growth,” said BASF SE member of the board of executive director, Saori Dubourg.

BASF signed agreements in October 2017 and April 2018 to acquire the businesses and assets Bayer offered to divest in the context of its acquisition of Monsanto, for an all-cash purchase price of 7.6 billion euros, subject to certain adjustments at closing.

Following the agreement, BASF acquired Bayer’s global glufosinate-ammonium business, the vegetable seed business, the research and development platform for hybrid wheat, a range of seed treatment products, some glyphosate-based herbicides in Europe, digital farming platform xarvio and certain non-selective herbicide and nematicide research projects.

The acquisition is also beneficial for customers as they will have access to even more tools to increase their yields, crop quality and profitability.

The transactions have completed except for vegetable seeds business which closing is expected in mid-August 2018.

In Malaysia, the acquisition includes Bayer’s glufosinate-ammonium non-selective herbicides.

“The glufosinate-ammonium non-selective herbicides is recognized for its effective and efficient weed management in oil palms, fruits and vegetables plantations.

This transaction will further strengthen BASF’s position as a sustainable agricultural solutions provider in Malaysia.” said BASF (Malaysia) Sdn Bhd managing director, Eng Leong Goh.

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