M&A Deal Summary

Farmer s Business Network Canada Acquires Haplotech

On October 27, 2020, Farmer s Business Network Canada acquired agriculture company Haplotech

Acquisition Highlights
  • This is Farmer s Business Network Canada’s 1st transaction in the Agriculture sector.
  • This is Farmer s Business Network Canada’s 1st transaction in Canada.
  • This is Farmer s Business Network Canada’s 1st transaction in Manitoba.

M&A Deal Summary

Date 2020-10-27
Target Haplotech
Sector Agriculture
Buyer(s) Farmer s Business Network Canada
Deal Type Add-on Acquisition

Target

Haplotech

La Salle, Manitoba, Canada
Haplotech is a p[rovider of agriculture, plant breeding, double haploids, consulting, technical services, trait integration services. Haplotech was formed in 2009 and is based in La Salle, Manitoba.

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Buyer(S) 1

Buyer

Farmer s Business Network Canada

Calgary, Alberta, Canada

Category Company
Sector Agriculture
DESCRIPTION

Farmer's Business Network Canada, Inc. is a wholly-owned unit of FBN, a direct-to-farm ag tech platform, and a farmer network. The company utilizes data science and machine learning to provide members with unbiased and unprecedented insights about each of their fields, powered by billions of data points from our network. It provides farmers with product performance, benchmarking, and predictive analytics based on real world performance data.


DEAL STATS #
Overall 2 of 2
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Cibus

San Diego, California, United States

Cibus has developed plant and microbial platforms enabling it to become a prominent player in precision gene editing, generally, and advanced non-transgenic breeding, specifically. The Rapid Trait Development System (RTDS™), its proprietary technology for non-transgenic breeding, enables site-specific edits of native genes with no introduction of foreign DNA. The precise and predictable outcomes can replicate products developed using traditional mutagenesis and are identical to those that could occur in nature, given enough time. Cibus was formed in 2001 and is based in San Diego, California.

Buy -