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AgriFORCE Growing Systems Ltd., a Vancouver-based AgTech company, announced in March 2022 that it had signed a binding letter of intent to acquire Belgium-based Deroose Plants NV for approximately US$69 million. The acquisition is expected to expand AgriFORCE's global reach in tissue culture propagation and strengthen its intellectual property portfolio focused on sustainable agriculture.
Parties
Company
AgriFORCE Growing Systems
Company
Deroose Plants NV
Deal Type
Merger & AcquisitionIndustry
AgricultureTransaction
$ 69,000,000Deal Status
ClosedClosing Date