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Mergers & Acquisitions

CropX Israel Agro Co Buys Dutch Firm Dacom Farm Intelligence

Israeli ag analytics firm CropX has acquired the Dutch platform Dacom Farm Intelligence. While the purchase price was not disclosed, some reports put the value in the millions of dollars.

The acquisition of Dacom marks the third such acquisition of an agrifoodtech startup made recently by CropX. Dacom currently manages 2.7 million acres of land across Europe. Dacom also owns an agricultural database that it has accumulated over 20 years from farms across Europe.

Founded in 2015, the company boasts that its CropX system is affordable, easy-to-install, and helps farmers sustainably increase crop yield and quality by significantly reducing water, fertilization and energy usage and costs, while minimizing runoff and waterway pollution. CropX has demonstrated over 40% water savings across different crop types, and measured yield increases over 10%.

CropX claims that it is revolutionizing the farm and automating the decision-making process by combining above-ground data sets with real-time soil data. CropX gives farmers a connection to their soil, offering proprietary soil sensor technology and cloud-based Ag analytics that integrate with irrigation systems.

In March CropX teamed with NASA Harvest (NASA’s Food Security and Agriculture Program) on a strategic partnership. The arrangement gives NASA Harvest unprecedented soil insights for its global agricultural monitoring efforts. Supporting a more sustainable food ecosystem, together NASA Harvest and CropX will provide farmers and industry experts with the data and information they need to improve farming sustainability by conserving resources and improving crop yields.

Nowadays Israelis have combined their country’s history of agricultural innovation with its high tech innovation. The country finds ways to deal with the world’s water and food production problems while offsetting the problems with animal waste and carbon emissions.

Dacom brings 3,000 customers to CropX’s ledger as well as 20,000 farms in over 40 countries.

Tomer Tzach, CEO of CropX, said that “Dacom, which provides solutions for spray management and plant protection, has been the missing piece in our platform’s puzzle. This acquisition makes CropX a global leader in high-tech, with the most advanced platform in the world for managing agricultural areas, and now includes irrigation management, fertilization management, spray management, and automation.”

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