CropX, a global agricultural analytics leader, announced on Tuesday the acquisition of European crop optimization platform Dacom Farm Intelligence.
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"This is our third acquisition since the beginning of 2020 as we continue to execute on our vision of providing the most comprehensive farm management platform for growers around the world. Dacom was the missing puzzle piece for our farm management platform – adding an established foothold in Europe, two decades of European crop data to our global machine learning engines, as well as a critical component – crop protection and recording – to our product mix," noted CropX CEO Tomer Tzach.
Dacom fits seamlessly into the CropX farm management solution suite. With an additional 2.7 million acres now under management, Dacom also adds over two decades of in-depth data across farms in Europe to the CropX farm management platform. Current CropX and Dacom customers will now have access to a full suite of advanced farm management analytics and automation tools.
"I am very excited to join the rapidly expanding CropX organization," noted Dacom CEO Janneke Hadders. "Our farmers will benefit from the integrated solutions, data-analysis insights and a customer base from around the globe. The acquisition strongly supports our shared internationalization strategy."
With the acquisition, CropX will establish its European office in Dacom's current Netherlands headquarters and double the size of its global team. Dacom's 3,000 customers, spanning both smaller growers and massive market players, add more than 20,000 farms in more than 40 countries to CropX's portfolio. The deal also expand CropX's reach into rain-fed regions.
