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Latest headlines

Monsanto eyes growing agriculture-focused information technology market

The biotechnology giant announced the $930 million acquisition of agriculture climate forecaster Climate Corporation.

By Shane O'Halloran
Busy year for corporate mergers and acquisitions
October 3, 2013

Monsanto buys Climate Corporation

Monsanto announced it will purchase Climate Corporation, a company that uses weather forecasting and data analysis to help farmers plan growing seasons, for $930 million in cash. Analysts see Monsanto making a push into the agriculture-focused information technology business as a natural companion to its agriculture biotechnology business.

"Looking into the future, growers will need every available tool to produce more yield on the same acre," said CEO Hugh Grant, during a call with analysts. "Strategically, we believe we're putting the best in class analytical capability on the largest global agricultural footprint."

KEYWORDS: agriculture genetically modified organisms (GMOs)

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