China’s Shenyang Yuanda To Acquire AutoAgronom For $20M

September 15, 2014 | Israeli smart irrigation tech company AutoAgronom is set to be acquired by Chinese company Shenyang Yuanda for $20 million. The news comes after AutoAgronom, a young company with offices in Israel and the US, saw impressive results using the company’s patented technology, Root Sense, and three months after the two companies signed a joint venture agreement. Using AutoAgronoms systems, farmers were able to increase yields and resource efficiency dramatically. The acquisition is important for the Chinese market that struggles with issues of food security.  To date, the company’s technology has been successful with over 70 different types of crops in 13 different countries. AutoAgronom is a MassChallenge 2014 finalist and a Clean Tech Open winner in Israel.