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Title: Got Produce Global Pursues Acquisition of Failing Ag-Tech Data Platform, Gro Intelligence, to Revolutionize Climate Data Analytics and Food Security Solutions
United States, 14th Jun 2024, King NewsWire - Got Produce Global, the world's dominant food security company, has made moves to acquire Gro Intelligence, the struggling ag-tech data platform, in a strategic move to enhance its climate data analytics capabilities and strengthen its position as a global leader in agricultural technology.Gro Intelligence, facing financial challenges and workforce reductions in recent months, made the difficult decision to cease operations due to the inability to leverage its data effectively for actionable solutions. Recognizing the immense potential of Gro Intelligence's data assets, Got Produce Global swiftly moved to validate and acquire the remaining resources with the aim of revolutionizing the landscape of food security and agricultural technology.With patented technology that integrates AI-driven analytics and innovative solutions, Got Produce Global is poised to leverage the acquired data to unlock new opportunities in climate data analysis, predictive modeling, and agricultural insights. This strategic acquisition will not only bolster the company's M&A portfolio but also solidify its position as a frontrunner in providing cutting-edge solutions for global food security challenges."By bringing Gro Intelligence under the Got Produce Global umbrella, we are advancing our commitment to driving sustainable agricultural practices, harnessing the power of AI, and delivering real-time analytics to address climate-related risks," stated Deborah Walliser, CEO and Founder of Got Produce Global. "This acquisition reinforces our mission to empower nations with climate safe food production and food data solutions"The acquisition of Gro Intelligence's data assets could mark a significant milestone safe climate solutions for food production...
This press release is issued by King Newswire