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DTN to Acquire Precision Agriculture Technology Firm Spensa Technologies.

M2 EQUITYBITES-March 14, 2018-DTN to Acquire Precision Agriculture Technology Firm Spensa Technologies

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14 March 2018 - US-based insight and analysis, and decision-support solutions provider DTN has signed a definitive agreement to acquire precision agriculture technology firm Spensa Technologies, the company said.

Terms of the acquisition were not announced, and the sale is contingent upon Spensa shareholder approval.

Spensa's mission is to develop a network of sensors and technologies to help growers better manage agronomic pests such as insects, weeds and disease.

The firm gathers high-resolution data, models that data to reveal insights and clearly presents findings to help agriculturalists make the most informed decisions possible.

Spensa is a software and hardware SaaS business, with innovative solutions and advanced UX/UI software. Spensa was named one of the top 25 innovative ag-tech startups by Forbes in 2017.

The company is based in West Lafayette, Indiana, in the Purdue Research Park and has strong academic relationships with the university, which is a renowned hub for agriculture.

DTN is a source of insights for 600,000 customers.

The company focuses on empowering customers worldwide with decision-support solutions in agriculture, energy, commodity and financial analytics, and weather-sensitive industries through continuous, leading-edge innovation.

DTN is based in Minneapolis with offices globally.

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Date:Mar 14, 2018
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