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BAS BASF AG

49.19
0.275 (0.56%)
20 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
BASF AG TG:BAS Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.275 0.56% 49.19 49.085 49.28 49.36 48.80 48.935 35,694 22:50:04

BASF to Invest in Chinese Digital Farming Startup SmartAHC

20/07/2020 9:44am

Dow Jones News


BASF (TG:BAS)
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From May 2019 to May 2024

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   By Cecilia Butini 
 

BASF SE said Monday that BASF Venture Capital, the group's corporate venture capital arm, is going to invest in Shanghai-based startup SmartAHC, which provides digital solutions to pig farming in China.

Markus Solibieda, managing director of BASF Venture Capital, said the startup--which uses sensor and camera technologies as well as artificial intelligence to help farmers monitor livestock--is a good fit for the company's focus on investments in agricultural technology and digitalization.

"Our investment complements BASF's strategy of promoting sustainability and healthy nutrition," Mr. Solibieda added.

Lan Song, SmartAHC's chief executive, said BASF's investment in the startup will help the company in its plans to increase its research and development capacities and expand its market presence.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

July 20, 2020 04:29 ET (08:29 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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