Groningen-based crop optimisation platform Dacom Intelligence has been acquired by agricultural analytics provider CropX. With the acquisition, not only does CropX gain Dacom’s proven crop protection abilities, but also a strong foothold in Europe as the company continues its global expansion efforts. The financial details of the deal were undisclosed.
Dacom provides software and sensor equipment to more than 3,000 customers in 40 countries worldwide. Combined, this accounts for more than 20,000 farms and 2.7 million acres of land. This healthy customer base now joins the CropX family, as well as more than two decades of European farm data.
“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 internationalisation strategy,” commented Dacom CEO Janneke Hadders. “Our crop protection capabilities will now leverage CropX data and will help our team solve critical challenges for farming communities across the Netherlands, Middle East and Africa, Europe, North America, and Australia and New Zealand.”
CropX has been on a shopping spree as of late with Dacom now the company’s third acquisition in the past 18 months. The company has previously gained a foothold in the US market via the purchase of Nebraska-based CropMetrics, and the APAC market via Regen.
“As the digital ag space has exploded in recent years, we’ve reached a critical juncture due to oversaturation. As the market matures, those leading the current phase of consolidation will be at the forefront of the digital ag and farm management revolution,” said Gideon Soesman, co-founder and managing partner of GreenSoil Investments and director at CropX.