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SLC Agrícola acquired Sierentz Agro Brasil for $135 million, based on the company’s working capital minus its net debt, with the calculation referencing the upcoming June 30 balance.
All the machines and equipment utilized in the operation are included in this acquisition.
Payment for the business should be completed in three parts: 60% is due upon acquisition closure, 20% by April 30, 2026, and the remaining 20% by April 30, 2027.
Sierentz specializes in producing soybeans, corn, and various other agricultural products, along with cattle breeding in an integrated farming-fishing system. They operate on leased land, with holdings of 68,000 hectares in Maranhão, 18,000 hectares in Piauí, and 10,000 hectares in Pará.
The company’s estimated potential planted area is around 135 thousand hectares, as per SLC.
Bosch plans to invest 721 million Brazilian reais in the agricultural sector in Brazil.
Bosch, the German multinational, is set to secure R$ 521 million from Finep and BNDES to enhance research and development in Brazil, with a specific focus on agribusiness. Additionally, the company will invest R$ 200 million of its own funds in the sector.
The company, known for its work in producing parts, services, and technologies, has expanded into the agricultural industry in recent years. Their offerings in this sector include variable-rate planting and a partnership with Basf for smart spraying. The company’s total revenue in 2023 amounted to EUR 91 billion.
Of the R$ 521 million secured, R$ 470 million will be provided by Finep and R$ 51 million by BNDES. The funds will be allocated for research and development in sustainable transportation, industry 4.0, smart agricultural systems, and remanufacturing of automotive parts, as reported by “AgFeed.”
Investments are scheduled to take place by 2027, sourced from the More Innovation program initiated by the Federal Government in 2023 as part of the NIB (New Industry Plan Brazil).
Equity investments will also be used in Bosch’s agricultural sector, which includes activities in Brazil and Argentina.
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