Lavie Bio is a prominent player in the ag-biologicals sector, known for its microbiome-based products. The acquisition includes Lavie Bio’s core team, its BDD technology platform, microbial bank, data assets, most development programs, and commercial products. ICL will also gain ownership of the MicroBoost AI platform, designed to enhance agricultural innovation. Existing partnerships of Lavie Bio will remain with its shareholders and may generate future revenue.
The agreement builds on over two years of collaboration between ICL and Lavie Bio, including strategic investments by ICL Planet. Their joint efforts have focused on developing bio-stimulant solutions to support row crops under various environmental stresses, advancing sustainable agricultural practices.
Amit Noam, CEO of Lavie Bio, stated: “Today marks a significant milestone in Lavie Bio’s journey. By combining our capabilities with ICL’s expertise, we can further accelerate the development of groundbreaking ag-biological products that will provide innovative solutions to farmers around the world.”
Ofer Haviv, CEO of Evogene, remarked: “This transaction reflects Evogene’s ongoing strategy to unlock the value of its assets for the benefit of its shareholders. We are confident that the integration of Lavie Bio’s activities into ICL will significantly advance the global ag-biologicals field and drive impactful innovation in agriculture.”
The acquisition strengthens ICL’s position in the ag-biologicals market, leveraging Lavie Bio’s expertise and technology to enhance product development. The MicroBoost AI platform is expected to further support ICL’s efforts to deliver data-driven solutions for agriculture, improving crop resilience and productivity.
This strategic move aligns with the growing demand for sustainable agricultural solutions, positioning ICL to meet the needs of farmers globally. The integration of Lavie Bio’s assets and the MicroBoost AI platform into ICL’s operations is anticipated to drive innovation and contribute to the advancement of environmentally friendly farming practices.
