Deere acquires precision farming startup Blue River Technology for $305M

Deere and Company agreed to acquire Blue River Technology, a Sunnyvale-based ag-tech startup developing machine learning for precision farming, for $305 million. The acquisition is expected to close next month.

“Five months after abandoning its proposed purchase of Monsanto’s precision planting subsidiary due to anti-trust concerns, agricultural equipment giant Deere and Company announced that it will spend $305 million to acquire ag-tech startup Blue River Technology.”techcrunch.com

• 1 source
• techcrunch.comAfter scrapping Monsanto deal, Deere agrees to buy precision farming startup Blue River for $305M | TechCrunchCatherine ShuSep 7, 2017

Summarized from public sources; check the original articles before acting on it.