DTN Acquires Spensa Technologies
April 4, 2018
MINNEAPOLIS (April 2, 2018) – DTN, an independent source of insight and analysis, and decision-support solutions to customers worldwide in agriculture, energy, commodities and financial analytics, announced today that it has completed the acquisition of Spensa Technologies, a precision agriculture technology company. Terms of the acquisition were not announced.
Spensa’s industry-leading sensors and innovative technologies help growers better manage agronomic pests such as insects, weeds and disease. The company gathers high-resolution data, then models that data to reveal insights to help agriculturalists make the most informed decisions possible.
“Combining Spensa’s current product offerings with DTN’s Agribusiness and Producer platforms and infrastructure will provide a more comprehensive solution to DTN customers,” said DTN Co-CEO Sheryl von Blucher. “Spensa’s agronomic capabilities will further complement DTN’s agriculture industry offerings with differentiated actionable agronomic information and insights. Additionally, the acquisition creates opportunities for DTN to expand the company’s offerings to non-core markets like fruit and tree markets in California.”
Spensa was named one of the top 25 innovative ag-tech startups by Forbes in 2017. The company is based in West Lafayette, IN, in the Purdue Research Park and has strong academic relationships with the university, which is a renowned hub for agriculture.