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France: AlgaEnergy’s agricultural business to be acquired by De Sangosse

AlgaEnergy is partnering up with the French De Sangosse Group through a soon to be finalized deal that will enable a concentrated focus on its agricultural markets. Previous business verticals including cosmetics, bioenergy, aquaculture, and nutraceuticals will be discontinued, allowing a single-minded focus on solutions for agricultural markets, specifically agrobiological inputs (biostimulants, biofertilizers, and biocontrol).

The new agricultural business unit, wholly owned by De Sangosse and named AE Agribiologicals, S.L.  -AEA-, will make it possible to expand the microalgae biotechnology activities pioneered by AlgaEnergy S.A. worldwide, now through a vehicle exclusively dedicated to the agricultural sector.

De Sangosse, a French group of companies, is active in agricultural biosolutions. On the strength of its recognized experience, De Sangosse has been operating with agility and success for many years globally in agricultural supplies by promoting a process of progressive and sustainable crop itineraries. With 1,150 employees, a turnover in excess of 420 million euros, 23 production units, 27 operating companies and sales in more than 60 countries, De Sangosse has established itself as one of the providers of innovative and sustainable solutions for agriculture.

On the occasion of this strategic association, Mr. Nicolas Fillon, CEO of De Sangosse Group, made the following remarks: “Over the last 15 years De Sangosse, has grown to become an international agricultural technology company. We focus on addressing agricultural key-challenges, providing to our customers alternatives to conventional chemical-based pesticides and fertilizers for a more sustainable food supply and for an enhanced biodiversity. Active in biosolutions, our proprietary portfolio is offering to farmers a complete range of biofertilizers, biostimulants, adjuvants and biocontrol products. It is part of our philosophy to invest in innovation and the most efficient solutions based on sound science and robust technical features, so AEA and DE SANGOSSE have the perfect fit. We combine exceptionally innovative and differentiated technologies, with our experience in biosolutions business models, successful in more than 60 countries. AEA spent decades in research and has invested a lot to develop this microalgae-based unique portfolio. The team know-how is incredibly extensive. Together, we will be able to improve and accelerate our global biosolutions footprint. We will be very excited to start working with such an experienced and dedicated team.”

For his part, Mr. Carlos Rodriguez-Villa Förster, Managing Director of AlgaEnergy group: “We share relevant synergies and the same values, as well as a long-term vision. There is an absolute complementarity both in terms of portfolio and geography, so it is reasonable to predict that the synergies will materialize in an exponential growth in turnover. After months of working together in this process that we expect to be finalized soon, we are totally convinced that this new stage we are starting, hand in hand with De Sangosse, is going to be very positive for the company as a whole, its team, its customers and its collaborators. Together, we have a very competitive value proposition that is fully aligned with the objective of promoting a modern agriculture that is efficient, regenerative and, above all, more profitable for the farmer, now and in the future."

For more information:
Avenida de Europa, 19
Parque Empresarial "La Moraleja", 28108 Alcobendas (Madrid), Spain

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