AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) an IP-focused AgTech company has entered into a definitive agreement to acquire Delphy Groep BV, a Netherlands-based AgTech consultancy firm, for US$29 million through a combination of cash and stock. This definitive agreement follows the binding LOI as previously announced in October 2021.
"We expect the combined company will emerge as a global player with top-tier R&D capabilities, a more diverse product pipeline, increased IP development capabilities, and a broader footprint," said Ingo Mueller, CEO of AgriFORCE Growing Systems.
