Date: 2015-04-22
Type of information: Company acquisition
Acquired company: Taxon Biosciences (USA - CA)
Acquiring company: DuPont (USA - DE)
Amount: undisclosed
Terms: * On April 22, 2015, DuPont announced it has agreed to acquire Taxon Biosciences, Inc., a leading microbiome discovery company. This acquisition will build on DuPont’s in-house capabilities and unparalleled market access in both seed and crop protection to discover and commercialize biological solutions for agriculture customers globally. Taxon Biosciences holds a broad intellectual property estate in the field of microbial consortia and microbial genomics products which will contribute to the development of new DuPont seed treatment, foliar and soil application products for important row crops, fruits and vegetables. The financial terms of the agreement were not disclosed. Closing of the acquisition is expected in the second quarter.
Details: Based in Tiburon, Calif., Taxon was founded in 2000, by leading microbial geneticists Matt Ashby and Jasper Rine, with the objective of developing a transformational microbial genomics platform to solve critical challenges in agriculture, energy and health sciences. The company holds a broad intellectual property estate in the field of microbial consortia and microbial genomics products.
Related: Technology - Services
