Yara International ASA completed the acquisition of Agronomic Technology Corp (ATC), which operates Adapt-N, a leading nitrogen recommendation platform in the US that improves farmer profitability and agricultural sustainability.
In line with Yaras strategy to accelerate its investments in digital farming, Yara completed the acquisition of ATC, which offers farmers and advisors solutions such as Adapt-N and N-Insight to optimize fertilizer use on individual field zones. Combining scientific multi-variable modelling of crops, weather, and field data, ATCs solutions enable online diagnostic and simulation of farmers choices to maximize yield, input cost efficiency, and the sustainability of farming.
The scientific focus and experience of the ATC team will further strengthen Yaras position as the leading crop nutrition provider. "We are impressed with the accuracy and quality of Adapt-Ns recommendations compared to other products in the market, and are excited about the opportunities that arise from combining the highly complementary digital solutions of the two companies", said Stefan Fürnsinn, Senior Vice President, Digital Farming, Yara.
ATC combines an experienced cross-functional team of agronomists, modellers, software developers and entrepreneurs. The companys Adapt-N solution builds on decades of research initiated by Cornell University and involving dozens of leading partner organizations, resulting in broad scientific validation. The company, which is based in both New York and Silicon Valley, already has a strong commercial position in corn in the US, and is expanding to other crops and geographies, which will now be significantly accelerated together with Yaras global footprint and knowledge.
"Our team is excited about Yaras digital solutions and the companys genuine commitment to helping farmers improve their financial and environmental performance. Joining our advanced technology and data-driven capabilities with a leading crop nutrition company like Yara provides a tremendous opportunity to scale globally, innovate across a wider product portfolio and crop base, and maintain focus on the success and sustainability of all farmers and those who serve them," said Steve Sibulkin, CEO, ATC.
Yaras knowledge, products and solutions grow farmers, distributors and industrial customers businesses profitably and responsibly, while protecting the earths resources, food and environment.
Our fertilizers, crop nutrition programs and technologies increase yields, improve product quality and reduce the environmental impact of agricultural practices. Our industrial and environmental solutions improve air quality by reducing emissions from industry and transportation, and serve as key ingredients in the production of a wide range of goods. We foster a culture that promotes the safety of our employees, contractors and societies.
Founded in 1905 to solve emerging famine in Europe, today Yara has a worldwide presence, with close to 15,000 employees and sales to about 160 countries.
About Agronomic Technology Corp
Agronomic Technology Corp provides a recommendation platform to help tackle key challenges in agriculture. The company leverages the power of cloud technology, proven science, and data to deliver large-scale, field-specific solutions that break the tradeoff between financial and environmental performance. Adapt-N, the leading independent nitrogen management solution, has been operated by ATC since the companys founding in 2013.