AgTech Acquisition: EFC Systems Purchases AgSolver
EFC Systems, Inc. has purchased the assets of AgSolver Inc., which has a suite of tools used to turn data into decisions for agriculture.
The technology and team of 12 that comes to EFC Systems as part of the acquisition will form a new Agronomic Planning and Sustainabilty division at EFC Systems. Dr. Dave Muth will oversee the division as Vice President. The new division will remain in AgSolver’s Ames, Iowa location, which provides for expansion with additional Merchant Ag and FieldAlytics client services team members.
“We are excited about this strategically important acquisition as it accelerates our presence in more sophisticated agronomic planning, capitalizing on our wide market access and making use of information from both our ERP and Precision solutions,” says Ernie Chappell, CEO and Founder of EFC Systems. “This beachhead in Sustainability is important as we’re confident this will be core to the food and agriculture channel in the years ahead. It’s our vision that the grower migration to sustainable agriculture will involve and be promoted by agricultural retailers.”
AgSolver produces MMP360, which is the only comprehensive tool used to complete an Iowa manure management plan.
“The AgSolver team is very excited to bring our technology, expertise and market presence to EFC Systems,” says Dr. Dave Muth. “The integration of AgSolver’s Precision Business Planning and sustainability assessment technologies with EFC Systems’ solutions will provide Agricultural Retailers with industry leading capability to support their farmer customers with profitable and sustainable management practices."
