🧑‍🌾 Como parte de su estrategia, #BASF anunció recientemente la adquisición de AgBiTech, una empresa especializada en control biológico de plagas mediante tecnologías basadas en virus de origen natural. Esta operación representa un hito en el fortalecimiento del portafolio de soluciones biológicas de la compañía, al integrar conocimiento altamente especializado y acelerar el desarrollo de nuevas tecnologías para el campo. Lo hace previo a la celebración del Día Internacional de la Sanidad Vegetal, que se celebra el 12 de mayo de cada año, proclamado por la Asamblea General de las Naciones Unidas para crear conciencia mundial sobre cómo la protección de la salud de las plantas puede acabar con el hambre, reducir la pobreza, proteger el medio ambiente e impulsar el desarrollo económico. @BASF @aebeecuador @acorbanec @AgriculturaEc Lea la nota👇 n9.cl/aruw5

A look at the AgBiTech Acquisition by @BASF. In Q1 2026 BASF announced the acquisition of AgBiTech. One thing to note from their report is the “Investments” line. The AgBiTech acquisition was finalized in Q1 and investments were up ~€120 million YoY, and about the same above the 5-year average for the same period. In looking at the cashflow commentary there is a call out of the acquisition: Payments were made in the amount of €124 million in connection with the acquisition of AgBiTech, Brisbane, Australia, and for a purchase price adjustment of €33 million relating to the sale of the global pigments business in 2021. The statement is confusing to me given the second half of the sentence. However, given the investment and acquisition line item suggesting a ~ €120 million price for AgBiTech, and the line seemingly suggests €124 million in deal price, it seems safe to assume €124 million is the price that was paid. I speculated on the price paid, and I was way off. But since we roughly know their revenue, and now the value, we can look at revenue multiple paid, which gives a base barometer for other future acquisitions: AgBiTech seemingly had ~$20 million USD in revenue. Using a USD to EURO of 0.85 we get a revenue of ~€17 million, which means a revenue multiple of 7.3x. Higher than I expected. For context, Corteva acquired Stoller (not biocontrol) for ~3x revenue, Syngenta acquired Valagro for around the same and BASF’s previous large acquisition, Becker Underwood, was for around 4x.

Every major crop input company now has a biologicals strategy. The question is how are they progressing and what specifically are they doing? I just published an updated report that tracks the biologicals and specialty nutrition strategies, revenues, acquisitions, partnerships, pipelines, and commercial progress of 16 companies across crop protection, fertilizer, and the independent biologicals landscape. Crop protection: Corteva, BASF, Bayer, Syngenta, FMC, and UPL. Fertilizer: Yara, Mosaic, Nutrien, and ICL. New to this edition are profiles on six scaled independent players that rarely get this level of coverage: Rovensa Next, BioFirst Group (formerly Biobest), Verdesian Life Sciences, Koppert, Acadian Plant Health, and DE SANGOSSE. A few things you'll find inside: Mosaic's Biosciences business doubled revenue to $68 million in 2025, hit EBITDA positive in 2025, and is targeting $200 million in EBITDA by 2030. How they're applying the MicroEssentials playbook to biologicals, and where their nitrogen fixation go-to-market approach may get challenged. Corteva posted $519 million in biological revenue in 2025. What the planned Corteva split means for the biologicals portfolio, and why the NEXTA launch through Pioneer dealers is an important initiative. BASF acquired AgBiTech in early 2026, their first meaningful bio acquisition since Becker Underwood in 2012. The report looks at why NPV-based bioinsecticides are a fit, and what the coming Ag Solutions IPO means for their biologicals investment appetite. Nutrien's proprietary crop nutrition and biostimulant gross margins are approaching $500 million, with 70% of future proprietary product growth expected from biologicals and nutritionals. The report also includes side-by-side comparison snapshots across segments, the largest bio-based and specialty acquisitions to date, an acquisition timeline since 2010, the key market drivers behind the growth of this segment and images illustrating acquisitions and partnerships, along with future considerations for the companies. @UpstreamAg

FY 2025 crop protection and seed results have all been reported, across @Bayer, @BASF, @corteva, FMC, @Syngenta, @UPLLtd, and @NufarmSeedsNA. Several players were down, however, the crop protection market was viewed as more stable (before recent geopolitical events, anyways). Channel inventories are normalized globally for the first time in a while, and for the first time in several years, the consensus view heading into 2026 is modest growth. Volume is recovering, but generic competition has led to price challenges which have been more concentrated in Latin America and Asia Pacific, but seem likely to be a bigger concerns in North America in coming years. A few other takeaways: The major companies continue to emphasize biological capabilities on their earnings calls. Corteva hit $519M with 16% volume growth, but pricing hcallenged, particularly in LatAm, where 80 % of their bio rveneue occurs. Syngenta delivered double-digit biologicals growth. BASF acquired AgBiTech ahead of its planned IPO. FMC did not emphasize like they have historically, but shows how even though it is viewed as a growth priority, the core of their business is still chemistry and when challenges to the greater business arise, the focus remains on saving the core. AI in discovery is continuing to be talked about, and I wil cover it more next week, but in the interim, Corteva described 1,000x faster active ingredient identification from molecular libraries. Regulatory submission preparation is also being compressed. All companies flagged tighter farmer margins influencing purchasing behavior, even as underlying application demand stays consistent with historical levels. For the full breakdown, check out the link below, or get quick hits for some companies in the @UpstreamAg images attached.

BASF conclui aquisição da AgBiTech, de biológicos cnnbr.app/short/c3049468572/

Akin advised Paine Schwartz Partners in a definitive agreement to sell its portfolio company AgBiTech to BASF Agricultural Solutions. For more: akingump.com/en/insights/pre… #AkinPE #PrivateEquity

ドイツの化学大手BASFグループの農業関連部門BASF Agricultural Solutions社は、米国生物的害虫制御企業AgBiTechの全株式を取得する契約を締結し、2026年上半期の完了を予定しています。AgBiTechのポートフォリオ、知的財産、製造・研究施設と人員を取り込み、既存のバイオソリューションズ製品群を強化し、特にブラジルなどでの持続可能な作物保護ソリューションの拡大を狙う戦略的買収です。 agtechnavigator.com/Article/…

BASF Soluciones para la Agricultura adquiere la empresa AgBiTech de control biológico de plagas radiomitre.cienradios.com/mi…

CLIPPING 14/01/2025 AERONÁUTICO Boeing ultrapassa Airbus em pedidos anuais pela primeira vez desde 2018 A Boeing registrou 1.173 encomendas de aviões comerciais em 2025, superando a Airbus, que teve 889. Após um ano de desafios e incidentes, a fabricante americana retoma produção e reforça controle de qualidade sob supervisão da FAA. A retomada indica recuperação gradual da confiança no setor aeronáutico. ⸻ AGRONEGÓCIO Petrobras retoma produção de fertilizantes em janeiro A Petrobras reiniciou fábricas de fertilizantes nitrogenados em Sergipe e Bahia, com investimento de R$ 38 milhões por unidade. As plantas poderão atender 12% do mercado nacional, reduzindo dependência externa e gerando 5.400 empregos. A medida fortalece a cadeia produtiva agrícola e a oferta de ureia nacional. ⸻ BASF adquire AgBiTech e reforça portfólio de biodefensivos agrícolas A BASF Soluções para Agricultura fechou acordo para comprar a americana AgBiTech, especializada em inseticidas biológicos, ampliando sua presença em biodefensivos, especialmente no Brasil. O valor do negócio é confidencial e a conclusão está prevista para o primeiro semestre de 2026, sujeita à aprovação regulatória. ⸻ COMÉRCIO INTERNACIONAL E DIREITO ADUANEIRO Noruega quer ampliar investimentos no Brasil após acordo Mercosul-Efta Com o avanço do acordo Mercosul-Efta, a Noruega demonstra interesse em expandir investimentos no Brasil, especialmente em energia e tecnologia marítima. O país vê o mercado brasileiro como estratégico para diversificar parcerias comerciais e impulsionar exportações nórdicas para a América do Sul. ⸻ CONCORRÊNCIA Cade investiga Meta por abuso de posição dominante O Conselho Administrativo de Defesa Econômica (Cade) abriu investigação sobre a Meta por suspeita de práticas anticompetitivas ligadas ao uso de dados de usuários e integração de plataformas. O caso busca avaliar se a empresa restringe o mercado digital e prejudica concorrentes locais de tecnologia. ⸻ CORPORATE / M&A Inteligência Artificial deve impulsionar fusões e aquisições em 2026 Especialistas projetam aumento no uso de IA para avaliar ativos e integrar operações em processos de fusão e aquisição neste ano. No Brasil, o ritmo tende a ser mais moderado, mas com foco em tecnologia e agronegócio. Consultorias veem tendência de consolidação setorial e ganho de eficiência. ⸻ DIREITO IMOBILIÁRIO E CONSTRUÇÃO Justiça aponta falsificação de assinatura por incorporadora Tribunal determinou que uma incorporadora falsificou assinatura de cliente em contrato de compra de imóvel, configurando fraude. A decisão reforça a necessidade de maior controle documental e validação eletrônica em contratos imobiliários, podendo gerar precedente para casos de má-fé em lançamentos residenciais. ⸻ ENERGIA Furto de cabos aumenta apagões na rede da Light no Rio A Light registrou aumento de quedas de energia em razão de furtos de cabos e ligações clandestinas. A concessionária estima prejuízo crescente e prepara ações conjuntas com autoridades para conter o problema, que afeta especialmente bairros da zona norte e compromete a segurança elétrica local. ⸻ FINANÇAS Banco Master é alvo de acusações e pode estar envolvido em grande fraude O ministro Fernando Haddad declarou que o caso do Banco Master pode representar a maior fraude bancária da história do país. O TCU e o Banco Central investigam operações suspeitas, enquanto fundos e empresas como Fictor e BRB são afetados. O governo busca preservar estabilidade financeira. ⸻ UBS prepara sucessão com Iqbal Khan cotado para CEO Sergio Ermotti, atual CEO do UBS, prepara sua saída e Iqbal Khan surge como favorito para assumir o comando. A mudança marca nova fase do banco suíço após a integração do Credit Suisse, com foco em estabilidade operacional e ampliação da presença nos EUA e Ásia. ⸻

Basf Soluções para Agricultura compra AgBiTech, de biodefensivos globorural.globo.com/negocio…

Basf adquire grupo de controle biológico AgBiTech cnnbr.app/short/c1025339128/

🌍It’s #WorldFoodDay! At #AgBiTech we help growers protect crops & productivity with sustainable, science-driven pest management 🐛🌱Biologicals reduce pest pressure, safeguard the environment & support a viable future for food production. #AgBiTech #ViableAg

🐛 Give early worms the bird! One dead caterpillar in ten #sorghum heads gives you 10,000 mini virus factories per hectare! Go early at 10% early tillers flowering and inoculate your crop! Learn more 👉 bit.ly/ViVUSMax #AgBiTech #ViableAg

“Brilliant! Nothing short of brilliant! I can’t believe how effective it is,” says Paul McIntosh of Pulse Aus when asked about the impacts of ViVUS Max in #sorghum. 🐛 The results speak for themselves. Hear more from Paul 🎥 #AgBiTech #ViableAg

🐛 1 dead caterpillar in 10 #sorghum heads gives you 10,000 mini virus factories per hectare! Go early & inoculate your crop! Act with ViVUS Max 👉 bit.ly/ViVUSMax #AgBiTech #ViableAg

🌱Growing #sorghum this season? 🐛 #Helicoverpa larvae can cause major yield loss if not managed early. ViVUS Max is a biological solution designed to target Helicoverpa without damaging beneficials or the environment. Learn more 👉 bit.ly/ViVUSMax #AgBiTech #ViableAg

🧲 Pupae busting may not be your only option comply with the Bollgard 3 RMP. AgBiTech offers the “attract and kill” option with Magnet for Bollgard 3 RMP cotton. It intercepts adult moths before they can lay eggs 👉 bit.ly/Magnet-Bollgard3 #AgBiTech #ViableAg

🧲Magnet is an insect attractant made with, aromatic volatiles that attract moths. Mixed with small amounts of insecticide, it kills moths before they lay eggs, reducing pest larvae pressure by up to 90%. Learn more 👉 bit.ly/ABTMagnet #AgBiTech #ViableAg

🌼 From flowering to harvest #Helicoverpa threaten #canola pods & yields 🐛 ViVUS Max delivers targeted control with no resistance, safe for pollinators 🐝 & compatible with most agchem. Protect your crop this season 👉 bit.ly/ViVUSMax #AgBiTech #ViableAg

Biological control helps manage resistance. NPVs (viruses) like ViVUS & Fawligen target #Helicoverpa & #Fallarmyworm with little risk of resistance, meaning there’s one less thing to worry about while protecting your crops & the environment ✅ #AgBiTech #ViableAg