By combining Axia’s strengths with DENSO’s automation and environmental-control technologies to industrialize farming, the partnership aims to develop and globally deploy innovative solutions for stable food production and supply. The acquisition is DENSO’s second investment in the agriculture sector in the Netherlands, following its earlier acquisition of a Dutch enterprise specializing in horticultural facility management.
Moving forward, DENSO and Axia Vegetable Seeds will collaborate to combine industrial technology with seed development to create high-quality seeds suitable for automated farming approaches and climate adaptation. Additionally, by leveraging DENSO’s image recognition and AI technologies, the two companies aim to shorten the development period of new seeds and bring higher value-added seeds to market more quickly.
“We are proud to have supported Axia Vegetable Seeds in this transaction. The deal reflects the growing convergence of agriculture and advanced technology, and we are excited to see the innovation this partnership will bring to the global food system,” says Mo Almarini, lead of the Baker McKenzie team.
The Baker McKenzie team, led by Corporate M&A partner Mo Almarini, included Laila Kouchi, Max Nederlof, Alexis Gavriilidis, Frederique Peeters, Koen Bos, Willem Jan Treuren and Anastasia Boonen-Vaes, with valuable support from Carolina Cordero di Vonzo (Baker McKenzie Italy) bringing specific expertise in Plant Variety Rights and other colleagues in Chicago, Istanbul, Rome, Madrid, Mexico City and New York..
Further information is available on the respective websites:
DENSO: DENSO Acquires Axia Vegetable Seeds to Realize Sustainable Agriculture | Newsroom | News | DENSO Global Website
About Axia Vegetable Seeds
Axia Vegetable Seeds is an independent seed breeding company based in the Netherlands, specializing in the breeding and development of high-quality vegetable varieties with a strong focus on tomato. With a strong foundation in R&D and deep understanding of growers’ needs, Axia Vegetable Seeds delivers innovation to the greenhouse horticulture industry worldwide.
About DENSO CORPORATION
DENSO is a global automotive parts manufacturer that provides advanced automotive technologies, systems, and products. Leveraging the core technologies it has developed through its experience in automotive components, DENSO is expanding the scope of its value offerings to include factory automation, food distribution, agriculture, and more. Through automated harvesting using robots equipped with sensing technologies and through digital-based cultivation environment control, DENSO is working toward the industrialization of farms.