Salveo Agro and Zentia AG announced that Zentia, a family office’s private holding and investment company, entered as an early investor and for a material stake into Salveo Agro, a new technology-based crop protection and biotechnology company developing natural crop protection products and biostimulants based on their patented Tectus Matrix® technology.
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The investment was made as a private placement towards Zentia for an undisclosed amount.
Zentia has entered into an agreement to also support Salveo Agro’s ambition to extend the application of its patented natural ingredients-based technology to address a broad spectrum of plant pathogens as well as to act as a potent biostimulant for high value crops.
Together with its partners and investors, Salveo Agro‘s strategy is to demonstrate that its Tectus Matrix® technology, already demonstrated as highly effective in the treatment of Sigatoka Negra and Panama Disease in bananas, is also a sustainable and disruptive technology that addresses a broader spectrum of pathogens (including bacteria). It is a rapidly scalable solution suited for global use.
Jack Bracewell, CEO, Salveo Agro comments: “We are very pleased to see Zentia joining our owner group with this investment. Zentia is a professional and competent investor that is characterized by a long-term investment perspective. We are particularly satisfied with the investment as it shows a strong belief in Salveo Agro’s, vision and mission.”
“We are aware of Zentia’s strong commitment to invest in technologies that support a sustainable development in the world. We are gratified and honored that Zentia has invested a substantial amount in Salveo Agro and thereby support us to tackle the environmental challenges presented by current pesticides issues as well as the social impact to the livelihoods of farmers caused by resistant plant pathogens globally,” Jack continues.
For Zentia, the investment into Salveo Agro is based on a wish to invest in companies that contribute to a sustainable development in the world.
“Salveo Agro is an interesting investment for Zentia. The development of natural alternatives to current chemicals-based crop protection products has proven a great challenge. Salveo Agro has taken an innovative and scalable approach to solving this key problem resulting in a strong business potential while minimizing environmental impact. We believe this methodology could be a major step in the transition towards a more sustainable future in agriculture,” says Henriette Cataldo, Managing Director of Zentia.