Carlsquare advised WEKA Group on the sale of Lexagri to FoodChain ID
Carlsquare successfully advised the German based WEKA Group, shareholder of French based Lexagri International, a global leader in the AgTech industry focusing on verifying, harmonizing, structuring, and distributing global agricultural data, on its sale to US based FoodChain ID, a portfolio company of Berkshire Partners.
Lexagri’s services transform raw, untreated agricultural data into standardized, validated and accessible data sets and enhance the performance, quality, safety, and traceability of agricultural production. The company offers a line of unique products and services, including Homologa®, PhytoScan® and Agrowin.
“We will be able to enhance the link between “farm and fork” through an easier data flow and more transparency.”
Fritz Schuster, CEO of Lexagri
“FoodChain ID enhances its scope of regulatory and compliance content into crop protection and brand registration data, allowing us to serve our customers even more effectively and to strengthen our reputation as a trusted source of data-driven, actionable insights.”
Brad Riemenapp, CEO of FoodChain ID
FoodChain ID provides over 30,000 clients with technology-enabled solutions supported by the industry’s most comprehensive data and knowledgeable experts. Its services include the company’s innovative regulatory compliance and product development applications, as well as testing, food safety, and product certification solutions.
WEKA Group is a diversified group of media companies and a leading provider of specialist information and advanced education with 20 companies across GSA and France. WEKA Group’s media-neutral content is offered in all common formats and reaches highly diversified niche markets across all industries. WEKA Group is headquartered in Kissing, Germany, and employs approximately 1,200 employees.
Carlsquare acted as exclusive Financial Advisor to the shareholders of Lexagri International.