KWS makes offer Bayer’s vegetable seed business

KWS makes offer for Bayer’s vegetable seed business

9:57 AM, 29th May 2018
KWS makes offer for Bayer’s vegetable seed business

EINBECK, GERMANY: KWS Saat SE, one of the world’s leading plant breeding companies has issued a non-binding offer to Bayer AG for its global vegetable seed business, operating under the global trademark Nunhem.

KWS is thus renewing a non-binding bid it made in January 2018 and is offering Bayer and its shareholders' attractive terms and conditions for the sale of the vegetable seed business. In order to complete the transaction with Monsanto, Bayer AG had assured the antitrust authorities that it would sell crop science businesses, including its vegetable seed business.

If Nunhems were acquired by KWS, the agricultural sector, farmers and consumers alike would benefit from the sale to an independent seed company without an agrochemicals division.

One of KWS’ prime goals is to enhance sustainable agriculture by developing resource-saving, high-yielding varieties – including in vegetable breeding to a greater extent in the future. Both KWS and Nunhems have driven numerous innovations in the past such as to provide farmers and consumers with a diverse range of high-quality products.

KWS aims to continue leveraging growth opportunities through company acquisitions as it moves forward. As a Dutch vegetable seed company with a long tradition, Nunhems has also been a respected international leader for many years. With its products, expertise and strong customer centricity, Nunhems is a strategically sensible complement to KWS’ existing portfolio and would dovetail seamlessly into KWS’ corporate culture and its long-term orientation.

© Worldofchemicals News

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