DuPont to Acquire Tech Company Granular5 months ago -
Yesterday (Aug. 9), DuPont signed a definitive agreement to acquire San Francisco-based Granular, Inc., a provider of software and analytics tools that help farms improve efficiency, profitability and sustainability. Granular also operates AcreValue.com, a digital marketplace for farmland real estate. Sid Gorham, Granular’s co-founder and CEO, will continue to lead Granular and will lead Digital Agriculture for DuPont, which includes responsibility for Encirca services, DuPont’s agronomic software business.
“This acquisition is an important component of our commitment to leading and shaping the agtech market,” says James Collins, DuPont executive vice president, with responsibility for DuPont’s Agriculture segment. “We believe DuPont’s agronomy expertise, deep customer relationships and market reach will accelerate Granular’s business growth and help us deliver more value to growers around the world.”
With its focus on developing innovative solutions to help growers build strong, sustainable businesses, DuPont is creating a digital agriculture ecosystem to support information sharing, services and commerce. This acquisition will enable the business to connect growers, analytics and public and private data to advance our vision for a digitally connected, more sustainable agriculture industry.
“We started Granular to make a big impact on the business of farming,” says Gorham. “I am confident that as part of DuPont we will make a bigger impact even faster. DuPont shares our vision for using technology to help farms improve their dollar yield, not just their bushel yield. We are excited to pursue that vision together.”
Granular was founded in 2014 with the mission of helping farmers operate more efficient and profitable businesses. The company serves many of the farms in the industry across the United States, Canada and Australia. It was recently announced that John Deere would be integrating Granular into its Operation Center, furthering that momentum.
Closing of the acquisition is subject to customary closing conditions and is expected in the third quarter. Terms of the agreement were not disclosed. Following the close, Granular will continue to maintain its offices in San Francisco, California, and Champaign-Urbana, Illinois.[rate_this_page]