M&A Deal Summary

The Climate Acquires Solum - Soil Analysis

On February 20, 2014, The Climate acquired agriculture company Solum - Soil Analysis from Granular

Acquisition Highlights
  • This is The Climate’s 1st transaction in the Agriculture sector.
  • This is The Climate’s 2nd transaction in the United States.

M&A Deal Summary
Date 2014-02-20
Target Solum - Soil Analysis
Sector Agriculture
Buyer(s) The Climate
Sellers(s) Granular
Deal Type Divestiture

Target

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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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 2 of 5
Sector (Agriculture) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 2 of 4
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-23 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.

Buy $210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 640 Labs

Chicago, Illinois, United States

640 Labs, Inc. is an agricultural technology.

Buy -

Seller(S) 1

SELLER

Granular

San Francisco, California, United States
Category Company
Founded 2009
Sector Internet Software and Services
DESCRIPTION

Granular, Inc. is a provider of software and analytics tools that help farms improve efficiency, profitability and sustainability. Granular also operates AcreValue.com, the leading digital marketplace for farmland real estate.

DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-22 AcreValue

United States

AcreValue is a developer of automated farmland valuation models that improve the efficiency and transparency of the farmland real estate markets. The free service allows buyers, sellers, agents and other interested parties to browse AcreValue estimates using a map-based interface.

Buy -
Mergr

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