Bayer CropScience acquires germplasm assets ProSoy Genetics

Bayer CropScience acquires germplasm assets of ProSoy Genetics

11:34 PM, 11th March 2012
Bayer CropScience acquires germplasm assets of ProSoy Genetics

MONHEIM, GERMANY: Bayer CropScience has acquired the germplasm assets of ProSoy Genetics, the soybean breeding division of privately-held Thompson Agronomics, US. The financial details of the deal were not disclosed. The acquisition reflects Bayer CropScience’s strategy to develop superior germplasm and broadens the maturity range of soybean germplasm available to its existing breeding efforts. The company has a robust R&D pipeline including herbicide-tolerance and insect-and nematode resistance programme specific to soybeans.

“This move strengthens our position as a provider of both soybean germplasm and traits and helps us in our quest to deliver tailored, high-performance solutions to farmers across the soybean growing regions of US that help them address critical productivity challenges facing them today and in the future,” said Dr Mathias Kremer, Head of BioScience unit, Bayer CropScience.

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