Business news from Ukraine

Switzerland’s Syngenta, a large seed and crop protection agent producer in the world, has completed the acquisition of all relevant assets of The Cropio Group, an Ag Tech company with one of the four offices located in Kyiv. The Cropio platform is an equipment-integrated, end-to-end software solution that provides imaging, recordkeeping, and equipment tracking. Approximately 10 million hectares of crops are currently managed using Cropio.
“Cropio is a leading player in the Eastern European digital agriculture market, and Syngenta is gaining a hub for Ag Tech innovation in Europe that will help increase farmer sustainability, productivity, efficiency and profitability,” Chief Information and Digital Officer at Syngenta Greg Meyers said.
With this acquisition, Syngenta will be the only agricultural company to have access to leading management platforms in the top four agriculture markets: in the United States with Land.db, Brazil with Strider, China with the Modern Agricultural Platform and now Eastern Europe with Cropio. Combined, more than 40 million hectares globally will be managed using a Syngenta digital tool, with a plan to double by the end of 2020.
The financial conditions of the deal are not disclosed.