Lantmännen Sweden has acquired the majority of shares in ThermoSeed Global AB. This assures the possibility of continued investment in this environment friendly seed on the international market.
The Swedish company ThermoSeed Global AB is a spin-off from Incotec, a Dutch company that, in partnership with Lantmännen Bioagri, has developed and marketed ThermoSeed outside Scandinavia since 2010. ThermoSeed is an effective and environment friendly method of treating seed without additives. In January, Lantmännen acquired a 90.1 percent holding in ThermoSeed Global AB. The remaining shares are held by Kenneth Alness, CEO of ThermoSeed Global AB.
There has been tremendous interest in ThermoSeed and the business is in an expansive phase internationally. Lantmännen's know-how and broad contact network means ThermoSeed Global AB gains a stable principal shareholder and good platform for continued international expansion and development.
“We are pleased via this acquisition to be able to bring this ThermoSeed business under the Lantmännen umbrella and at the same time, take an active role in the growth of ThermoSeed. Together with our plant breeding business, which develop robust, high yielding varieties, ThermoSeed is a technology that is a good fit for Lantmännen investments in innovation and development,” says Peter Annas, Director of Seed and Commodities at Lantmännen Agriculture.
“We now have ThermoSeed operations on a commercial scale in Sweden, Norway and the USA, and interest is rising sharply. With Lantmännen as the new owner, we will be able to exploit our joint ThermoSeed expertise even more fully to the benefit of more customers,” Kenneth Alness, CEO of ThermoSeed Global AB, says.
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