M&A Deal Summary

AppHarvest Acquires Root AI

On April 8, 2021, AppHarvest acquired information technology company Root AI for 60M USD

Acquisition Highlights
  • This is AppHarvest’s 1st transaction in the Information Technology sector.
  • This is AppHarvest’s largest (disclosed) transaction.
  • This is AppHarvest’s 1st transaction in the United States.
  • This is AppHarvest’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-04-08
Target Root AI
Sector Information Technology
Buyer(s) AppHarvest
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Root AI

Woburn, Massachusetts, United States
Root AI is an artificial intelligence farming startup that creates intelligent robots to help manage high-tech indoor farms.

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Buyer(S) 1

Buyer

AppHarvest

Morehead, Kentucky, United States
Category Company
Sector Agriculture
DESCRIPTION

AppHarvest is an AgTech company, operating some of the US' largest high-tech indoor farms to sustainably grow affordable, nutritious, chemical pesticide-free non-GMO fruits and vegetables at scale using up to 90% less water than traditional open-field agriculture and 100% recycled rainwater.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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