BOSCH AND BASF ESTABLISH JV FOR DIGITAL TECHNOLOGIES

Bosch and BASF Digital Farming have signed a 50:50 joint venture (JV) agreement to globally market and sell smart farming solutions from a single source in the future. The JV agreement was signed on November 10, 2020, and will be followed by the founding of a new company based in Cologne, which will be established in the first quarter of 2021. The foundation is subject to the approval of the relevant antitrust authorities. Both parties have agreed not to disclose financial details.

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Bosch brings to the JV significant capability in hardware and software, as well as digital services for planning and decision making in field crops. BASF Digital Farming with its xarvio Digital Farming Solutions provides an automated, real-time, field-specific agronomic decision-making engine for weed management that is powered by the digital xarvio platform for crop optimisation. It provides farmers with field zone-specific advice on how to produce crops most sustainably. Combining the expertise of both companies, with state-of-the-art hardware and software solutions, will make it easier and more convenient for farmers to benefit from digital solutions.