xFarm Technologies acquires Sibium Analytics with BlackRock as a direct investor
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Sibium's solutions cover about 70% of Brazil's cultivated sugarcane area, according to xFarm, which makes it a leading technology supplier to the sector. It marks the sixth transaction and the second in Brazil. Sibium will keep operating without interruption while benefiting from its parent's broader portfolio of products and services. The combined offering for sugarcane mills and producers should include xFarm's solutions alongside Sibium's established capabilities. The firm says market dynamics and the opportunity made this the right moment to strengthen its presence in Brazil and build a leading position there and in other strategic markets. Bridge round closed The acquisition was partly financed through a bridge round with a mix of existing investors, new investors and BlackRock. Financial details were not shared. The company says the deal was made possible by a strategic partnership with BlackRock, one of the world's leading asset managers, which supports the expansion across key markets and value chains, alongside its existing investors. It sees the support as an important milestone and the start of a new phase of growth and international expansion. A group built through acquisitions The group was formed in 2021 through the merger of xFarm and Farm Technologies. Since then, several companies have joined it, including Wapi in Italy, SpaceSense in France, Greenfield...
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