The new 50:50 JV has been registered as Bosch BASF Smart Farming (BBSF) GmbH, Bosch said in a release.
The company will distribute the smart spraying solution that Bosch and BASF are developing and testing to markets in North America, South America and Europe.
According to Bosch, its Intelligent Planting Solution (IPS) is already commercially available in Brazil and Argentina and will use the advanced digital agronomic intelligence of BASF’s xarvio crop optimization platform to enhance zone-based seeding recommendations in the near future in Brazil.
“We have reached another important milestone in receiving merger control approval and have made considerable progress in the past few months. We have established the new company together, built the new team and continued to test our products successfully under different climatic conditions with various manufacturers,” Florian Gwosdz, joint managing director of Bosch BASF Smart Farming, said.
Silvia Cifre Wibrow, joint managing director of Bosch BASF Smart Farming said that with smart spraying, we are bringing a new digital solution to market and a new approach to weed management. “The unique ability for Smart Spraying to see, decide and spray based on agronomic intelligence is not just financially good for farmers, but also it’s good for the environment, sustainability and biodiversity,” Wibrow added.
News source- Economic Times