India: RiceTec Acquires Assets from Ganga Kaveri Seeds
RiceTec AG has announced the acquisition of the rice seed assets of Ganga Kaveri Seeds of Hyderabad, India. Ganga Kaveri Seeds is a leading provider of superior rice seed genetics that has been serving Indian farmers for over 30 years. Ganga Kaveri and its “GK” and “Spriha” brands are recognized across India as reliable suppliers of high-quality seeds. The scope and performance of Ganga Kaveri’s product portfolio has supported the growth of the company by providing sales representatives with the right technology to meet the needs of individual growers.
RiceTec entered the India rice seed business under the Savannah brand in 2010 and has quickly grown to become one of the leading providers of hybrid rice seeds.
“This acquisition is the perfect fit for the RiceTec business in India. The synergies in products, geographies, traits, people and culture will enable us to serve a broader cross-section of Indian rice producers,” said Mike Gumina, Global CEO of RiceTec AG.
As a result of this acquisition, approximately 90 seed professionals will join the Savannah business. “We are very excited about the opportunity this acquisition brings to accelerate the growth of our business and to serve more farmers with our technology,” said Ajai Rana, CEO and Managing Director of Savannah Seeds.