Land O’Lakes Inc. has announced its acquisition of Geosys, a global technology firm that provides satellite imaging and insights to agribusiness. The acquisition caps a multi-year relationship between Geosys and Land O’Lakes through its WinField division, which utilizes select Geosys technologies in the United States.
“This acquisition further cements Land O’Lakes’ position as a leader in agribusiness. We are developing tomorrow’s agricultural technology today, and this acquisition fits that strategic drive,” said Land O’Lakes President and CEO Chris Policinski. “Today’s purchase demonstrates Land O’Lakes’ leadership in helping to build the farm of the future with cutting-edge concepts and technologies. These industry-leading technologies give farmers the tools to make critical decisions to improve yields while reducing their environmental footprint and further help our member cooperatives to leverage proven tools that turn data into decision enablers that drive productivity and sustainable agricultural practices.”
Land O’Lakes Inc. owns Winfield Solutions LLC, a distributor of crop protection products, agricultural seed, and agricultural technology to drive productivity through sustainable practices.
WinField will remain a key customer of Geosys. Geosys will continue to develop its customer base and continue its expansion into the United States and international agricultural markets. Precision agriculture allows farmers to use data-driven insights to achieve optimized yields by combining technology, data, and agronomic science. This approach enables farmers to customize inputs, rather than a one-size-fits-all approach to crop management.