SWIIM Completes Negotiations for acquisition of Data Integrator OnFarm Systems.

MANews-(C)2009-2018

26 June 2018 - US-based ag tech and farm water management company SWIIM System has completed negotiations for the acquisition of Fresno-based Internet of Things data integrator and software and analytics tools provider OnFarm Systems Inc., the company said.

OnFarm Systems' offering is meant to help farmers simplify their data while improving their efficiency, profitability and sustainability.

Lance Donny, OnFarm's founder and CEO, will become SWIIM's chief operating officer and assist SWIIM's senior management with integrating its water balance monitoring and reporting data into the OnFarm dashboard.

In addition to integrating directly into SWIIM's platform, OnFarm will also continue to offer its primary product, an award-winning, fully customisable dashboard capable of delivering both in-field and remotely-gathered data from various sources into a seamless, easy-to-view display, capable of being seen on any internet connected device.

OnFarm was founded in 2012 and serves hundreds of farming operations across the United States, Europe, and Asia.

Closing of the acquisition is subject to customary closing conditions and is expected to finalize in the coming weeks.

Following the close, OnFarm will continue to maintain its primary offices in Fresno, California.

Country: USA

Sector: Agriculture/Forestry

Target: OnFarm Systems Inc

Buyer: SWIIM System

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed