M&A Deal Summary

The Climate Acquires Precision Planting

On May 23, 2012, The Climate acquired machinery company Precision Planting for 210M USD

Acquisition Highlights
  • This is The Climate’s 1st transaction in the Machinery sector.
  • This is The Climate’s largest (disclosed) transaction.
  • This is The Climate’s 1st transaction in the United States.
  • This is The Climate’s 1st transaction in Illinois.
Investment Fate
  • Precision Planting was divested to a consortium of strategic buyers in 2017.

M&A Deal Summary
Date 2012-05-23
Target Precision Planting
Sector Machinery
Buyer(s) The Climate
Deal Type Add-on Acquisition
Deal Value 210M USD

Target

Precision Planting

Tremont, Illinois, United States
Precision Planting LLC is a manufacturer of agriculture machinery for seed spacing and other agriculture services. Precision Planting was founded in 1993 and is based in Tremont, Illinois.

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Buyer(S) 1

Buyer

The Climate

San Francisco, California, United States
Category Company
Founded 2006
Sector Information Technology
Employees150
DESCRIPTION

The Climate Corp. aims to help farmers around the world protect and improve their farming operations with uniquely powerful software and insurance products. The company's proprietary technology platform combines hyper-local weather monitoring, agronomic data modeling, and high-resolution weather simulations to deliver climate.com, a SaaS solution that helps farmers improve their profits by making better informed operating and financing decisions, and Total Weather Insurance, an insurance offering that pays farmers automatically for bad weather that may impact their profits.

DEAL STATS #
Overall 1 of 5
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Illinois) 1 of 2
Country (United States) 1 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-20 Solum - Soil Analysis

United States

Solum’s Soil Analysis business provides soil analysis services to help farmers identify ways they can continue to optimize crop yields and use resources more efficiently.

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