ARDEN HILLS, MN
Land O’Lakes has recently acquired global technology firm Geosys, which provides satellite imaging and insights to agribusiness. The acquisition will further develop Land O’Lakes agricultural technology, ultimately helping to cement the company’s position as a leader in agribusiness, according to a press release.
“Today’s purchase demonstrates Land O’Lakes’ leadership in helping to build the farm of the future with cutting-edge concepts and technologies,” said Chris Policinski, Land O’Lakes President and CEO. “These industry-leading technologies give farmers the tools to make critical decisions to improve yields while reducing their environmental footprint and further help our member cooperatives to leverage proven tools that turn data into decision enablers that drive productivity and sustainable agricultural practices.”
Damien Lepoutre, president of Geosys, says that he is excited to align the business with Land O’Lakes because of the cooperative’s outstanding reputation in the industry. “We know this combination will position both companies to continue to be leaders in precision agriculture,” he continued.
Congratulations on this successful acquisition, Land O’Lakes and Geosys!
