India
February 28, 2019
Gurugram, Haryana based Savannah Seeds Pvt Ltd announced on the acquisition of the rice seed assets of Ganga Kaveri and Spriha Seeds of Hyderabad, India on 28 February 2019.
Ganga Kaveri Seeds is a leading provider of superior rice seed genetics that has been serving Indian farmers for over 30 years. Ganga Kaveri and its “GK” and “Spriha” brands are recognized across India as reliable suppliers of high-quality seeds. The scope and performance of Ganga Kaveri’s product portfolio has supported the growth of the company by providing sales representatives with the right technology to meet the needs of rice farmers of India.
Savannah Seeds entered the India rice seed business in 2010 and has quickly grown to become one of the leading providers of hybrid rice seeds. Savannah introduced environmentally friendly “Smart rice” technology in India for sustainable rice seed production. Savannah rice seed product Sava 127, 134, 200 and 300 are very popular among rice growers of the north and central regions.
“This acquisition is the perfect fit for the Savannah Seeds business in India. The synergies in products, geographies, traits, people and culture will enable us to serve a broader cross-section of Indian rice producers,” said Mike Gumina, Global CEO of RiceTec AG.
As a result of this acquisition, approximately 90 seed professionals will join the Savannah business. “We are very excited about the opportunity this acquisition brings to accelerate the growth of our business and to serve more farmers with our technology across rice growing states in India as well as export to South East Asian countires,” said Ajai Rana, CEO and Managing Director of Savannah Seeds.
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