Syngenta News
8 articles
growth-positive
Syngenta and Lavie Bio Announce Partnership to Discover and Develop Novel Bio-Insecticide
Syngenta Crop Protection and Lavie Bio Ltd., a subsidiary of Evogene Ltd., have announced a partnership to develop new biological insecticidal solutions. The collaboration will use Lavie Bios technology to identify and optimize bio-insecticide candidates, and Syngentas global research, development, and commercialization capabilities. The partnership aims to address the global challenge of insects that cause significant damage to crops, costing the global economy an estimated $70 billion a year.
Partners
Syngenta Partners with CropX as a Key Sustainability Solution
growth-positive
An innovation summit in Tel Aviv addresses farming's global challenges | Syngenta news and blogs
Syngenta Group recently held a three-day conference, Innovating Together, in Tel Aviv, partnering with Start-Up Nation Central. The event aimed to foster collaboration and innovation in addressing global agricultural challenges, including the food crisis and climate change. The conference featured over 30 Israeli start-ups and seven research institutes, showcasing a range of agricultural innovations. Syngenta Group plans to host similar events in tech and innovation hubs worldwide. The company also met with tech entrepreneur and venture capitalist, Chemi Peres, discussing Israels tradition of innovation in various sectors.
PartnersExpand
growth-positive
Syngenta to expand use of NRGene crops' software
Syngenta, a global agrochemical and seed company, has announced that it will use NRGenes cloud-based software to evaluate the trait discovery of various crops. NRGenes software and algorithms help firms study plant genomes to determine which seeds are best suited for different climatic conditions and have high resiliency. The software enables breeders to process data more quickly, making breeding faster and more cost-effective. Syngenta and NRGene have been collaborating for two years, and Syngenta plans to expand the use of the software for broader value gains in the breeding process.
Partners
growth-positive
Syngenta Ventures Invests in Phytech, the 'FitBit for Irrigated Crops' - AFN
Israeli sensor and data analysis startup Phytech has closed an undisclosed Series A funding round with new investor Syngenta Ventures and existing investor Mitsui Co Europe. Phytechs devices monitor individual plants using their patented phytomonitoring technology, providing real-time feedback and decision support to farmers. The funding will be used to expand Phytechs technology platform and support global commercialization. The company aims to enable data sharing between farmers and other contributors through its cloud-based platform. Syngenta Ventures was attracted to Phytechs distribution strategy and use of dendrometers, while Mitsui Co Europe sees the investment as part of its strategy for innovative technology and new business development.
InvestmentPartners
growth-positive
Giants Sygenta, Mitsui find innovative ag-tech on the kibbutz
Phytech, an Israeli agriculture tech start-up, has received an undisclosed investment from Syngenta and Mitsui. Phytech has developed an Internet of Things technology for crops called PlantBeat, which equips crops with sensors to record information about the growing environment. The sensors upload the data to a cloud server, where it is analyzed and downloaded to a mobile app for users. The investment from Syngenta and Mitsui will allow Phytech to enhance its decision support, technology, innovation, and commercial development.
Investment
growth-positive
vegetable seed, vegetable seeds
Amnon Eshet, the CEO of Zeraim Gedera, has decided to leave the company after 18 years. He played a significant role in expanding the companys activities abroad and integrating with Syngenta after its acquisition of Zeraim Gedera. Josh Peleg, who has been with Zeraim Gedera since 2009, has been appointed as the new CEO. Peleg believes that the combination of Syngenta and Zeraim Gedera brings extensive knowledge in agricultural research and development, providing growers with a wide range of solutions and professional knowledge.
Management Changes
growth-positive
Syngenta buys Zeraim Gedera for $90-100m
Syngenta International AG is acquiring seed development company Zeraim Gedera Ltd. from Markstone Capital Partners Group LLC at a valuation of $90-100 million. Markstone will make a return of over 100% on its investment in the company. Zeraim Gedera has experienced a growth rate of 20-25% a year and is expected to reach a turnover of $40 million this year. The acquisition will allow Zeraim Gedera to benefit from Syngentas business infrastructure.
Acquisition
