BASF India’s parent company -- BASF SE Germany -- has closed the acquisition of Bayer's global vegetable seeds business, mainly operating under the brand Nunhems. The transaction adds a well-recognized brand with a very successful business track record to BASF SE's portfolio. The acquired vegetable seeds business comprises 24 crops and about 2,600 varieties. It also includes well-established, strong R&D and breeding systems with over 100 unique breeding programs in more than 15 crops.
This closing completes BASF SE's acquisition of a significant range of businesses and assets with combined 2017 sales of Euro 2.2 billion, which Bayer offered to divest in the context of its takeover of Monsanto. The all-cash purchase price aggregates to Euro 7.6 billion, subject to certain adjustments at closing.
BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties.