FoodChain ID acquires Lexagri

FoodChain ID, a provider of technology-enabled food safety, quality, and sustainability solutions, has acquired Lexagri International, an agtech company focused on verifying, harmonizing, structuring, and distributing global agricultural data. FoodChain ID is a portfolio company of Berkshire Partners.

"Lexagri's services are focused on data enhancement, and their data harmonization processes transform raw, untreated agricultural data into standardized, validated, and accessible data sets. This expands FoodChain ID's scope of regulatory and compliance content into crop protection and brand registration data, allowing us to serve our food customers even more effectively and to strengthen our reputation as a trusted source of data-driven, actionable insights from farm to fork," explained Brad Riemenapp, CEO of FoodChain ID.

Lexagri's services enhance the performance, quality, safety, and traceability of agricultural production. Homologa is the largest pesticide database in the market with more than 33 million entries including Good Agricultural Practices (GAP) data, logistics data and Maximum Residue Levels (MRLs). The company's mobile app PhytoScan leverages an integrated label scanner for on-farm use that provides immediate access to up-to-date product regulatory and safety information to ensure proper use, ensuring compliance at the farm level ensuring the production of safe foods.

Other products include Basagri and Phytodata, which are reference data sources for crop protection information in France that compare and contrast registered and certified data, and Agrowin, a service package for top tier chemical companies allowing them to analyze crop protection and seed market data providing access to harmonized and consolidated global agricultural market data.

"Lexagri's aim has always been, and continues to be, to become the global harmonized reference provider of regulatory crop protection data for the industry, digital farming, and the food chain," added Fritz Schuster, CEO of Lexagri. "As part of WEKA Group and with the support of its shareholder, Lexagri was able to pursue this goal and to grow the business over the past years. The upcoming integration of Lexagri with FoodChain ID will be another step in this direction. We will be able to enhance the link between "farm and fork" through an easier data flow and more transparency."

Hennepin Partners LLC served as financial advisor, RSM France served as accounting advisor, Gide Loyrette Nouel A.A.R.P.I. served as legal advisor in France and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor in the US to FoodChain ID. Carlsquare GmbH served as financial advisor and Astura served as legal advisor to Lexagri.