CropLogic Acquires Australian Precision Ag Firm Ag Logic

April 5, 2018

As stated in an announcement made to the Australian Stock Exchange (ASX), New Zealand-based agricultural IoT company CropLogic has plans to acquire Tasmanian precision agriculture and monitoring firm Ag Logic Pty Ltd. The move provides CropLogic with a presence in the Australian market and new opportunities for research and development. No date was given for completion of the Share Sale Agreement. CropLogic trades on the ASX under the symbol CLI.

Ag Logic provides advanced sensor-based mapping tools to measure soil and topography variations, including soil type, elevation, crop health and yield for intenstive horticulture, broadacre irrigated cropping, and pasture production operations.

CropLogic Managing Director Jamie Cairns told IoT Hub Australia that “Tasmania is known for its precision agriculture and its high agricultural production and is a region with great influence both throughout Australia and globally.

“We have previously worked with multinational processors who have invested heavily in Tasmania and see it as a location with conditions that are directly applicable in other international markets. We share this view, and it is a major factor in what we see as long-term value generation for the company from this acquisition.

“Ag Logic is already recognised for its research and development expertise, having supported some of the largest names in the industry. We believe that Tasmania and Ag Logic offer the same level of agronomic reference as our previous acquisition, ProAg, in Washington State, USA.”

CropLogic’s solution improves crop yields by combining data from sensors, drones, and satellite sources in a cloud-based analytics platform. It was commercially launched into Washington State last year and is currently servicing circa 60,000 acres or 30 percent of the potato market there.

The company plans to have the latest version of its application available ahead of the upcoming U.S. growing season.

David Nitchman, GAI Media

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