Land O'Lakes, a farmer-owned food and agricultural cooperative, has acquired Geosys, a global technology firm, for an undisclosed amount.
Geosys caters to agribusiness sector, providing satellite imaging and insights. The company combines advanced agronomic research with information technologies such as GIS and remote sensing to provide a complete picture for crop production.
The acquisition builds on a multi-year relationship between Geosys and Land O'Lakes through its WinField division which uses select Geosys technologies in the US.
Land O'Lakes president and CEO Chris Policinski said, "Today's purchase demonstrates Land O'Lakes' leadership in helping to build the farm of the future with cutting-edge concepts and technologies.
"These industry-leading technologies give farmers the tools to make critical decisions to improve yields while reducing their environmental footprint and further help our member cooperatives to leverage proven tools that turn data into decision enablers that drive productivity and sustainable agricultural practices."
Winfield Solutions distributes crop protection products, agricultural seed and agricultural technology to drive productivity through sustainable practices.
