Bayer CropScience acquires vegetable seed company SeedWorks India
Financial terms were not disclosed. SeedWorks India was founded in 1998 and has research and seed processing locations in Bangalore and Hyderabad respectively. The company employs 180 full-time employees and markets its seed under the US Agriseeds brand to growers across India.
In fiscal year 2013/2014, the company generated sales of INR 1,035 million (EUR 12 million).
Closing of the acquisition is expected by beginning of July. Eventually, the operations of SeedWorks India will be integrated into the Bayer CropScience network, and existing and forthcoming varieties will be marketed under the company’s Nunhems brand. ■