Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Drinks | Retail | Videos
Agri & Animal Products
Fruits & Vegetables
Return to: FBR Home | Agri & Animal Products | Fruits & Vegetables

KWS offers revised bid for Bayer’s vegetable seed business

FBR Staff Writer Published 30 May 2018

German plant breeding firm KWS SAAT has renewed its offer to buy the global vegetable seed business of its rival Bayer for an undisclosed price.

The vegetable seed business of the German pharma and life sciences company mainly operates under the name Nunhems.

KWS’ non-binding offer comes about a month after the European Commission had conditionally approved Bayer’s sale of its global vegetable seed business among its other assets in its Crop Science business to chemical company BASF.

Bayer is making a series of divestments to address the competition concerns rising from its proposed acquisition of Monsanto, especially in seeds, pesticides and digital agriculture segments.

KWS first offered to acquire Bayer’s vegetable seed business in January. The company has renewed that bid with what it claims to be attractive terms and conditions for Bayer and its shareholders.

KWS said that its proposed acquisition of Nunhems will benefit the agricultural sector, farmers and consumers as it is an independent seed company without an agrochemicals division.

The company intends to improve sustainable agriculture by developing resource-saving, high-yielding varieties, including in vegetable breeding to better extent in the future.

“Both KWS and Nunhems have driven numerous innovations in the past such as to provide farmers and consumers with a diverse range of high-quality products," KWS said.

Nunhems is complementary to KWS' existing portfolio with its products, expertise and better customer centricity. 

KWS, which has been operating for more than 160 years, is engaged into plant breeding and production and sale of seed for corn, sugarbeet, cereals and others.

Image: KWS has offered to buy Bayer’s Dutch vegetable seed company Nunhems. Photo: courtesy of KWS SAAT SE.