Vancouver-based agriculture technology company buys Western Australian farm management system

Combined group will form one of the world’s largest independent agtech companies — with customers in Canada, Australia, the U.S., Europe and South Africa.

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A Vancouver-based agriculture technology business has purchased a farm management system company on the other side of the world in Perth, Western Australia.

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According to a report in Business News, SemiosBio Technologies paid $100 million for the Australian company Agworld Pty Ltd.

Agworld was formed in 2009 and helps farmers track and share field data with other growers as well as offering advice on farm operations.

SemiosBio, formed in 2010, offers real-time crop data and pest management support for farmers who grow tree fruits, nuts and other permanent crops.

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The company use hundreds of thousands of wireless sensors and real-time analytics to monitor temperature, soil moisture, disease and pest pressure in fruit and nut orchards and to direct exactly when and where to apply pest controls, water and other resources.

Frost prediction helps direct planting and harvesting to reduce crop losses, while disease sensing informs precision application of antifungals.

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SemiosBio CEO Micheal Gilbert told Business News that combining the two companies would provide a full-cycle crop management system. This is the private company’s third major agriculture technology purchase in 2021.

“Agworld and Semios offer farmers complementary solutions that are helping growers manage risk and optimize yields, more sustainably,” he said.

In a statement, SemiosBio said the combined group would form one of the world’s largest independent agriculture technology companies — with customers in Canada, Australia, the U.S., Europe and South Africa.

An Agworld press release states “The acquisition of Agworld is Semios answering the call by growers and industry to centralize crop management data into one, easy-to-use, end-to-end solution accessible through one dashboard and a single login.”

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