Automated pasture monitoring company went into receivership five months ago.
Gallagher and Barenbrug have announced their joint acquisition of the assets of Farmote Systems, an automated pasture monitoring company based out of Christchurch that went into receivership in January 2024.
The assets have been placed into a new joint venture, Farmote Technologies, owned by Gallagher and Barenbrug, holding 70% and 30% of the shares respectively.
Farmote Technologies’ pasture monitoring system will be integrated into the product and service offerings of both Gallagher and Barenbrug. While the new company set-up is in its early stages, the joint venture is dedicated to ensuring a smooth transition for existing Farmote Systems customers.
“We first invested in Farmote Systems in 2022 and are proud to be working with Barenbrug to take this exciting technology to market.”
Barenbrug Group CEO John Thijssen said Farmote has been on their radar since it was founded, demonstrating the performance of its grasses in the field as well as supporting farmers to get the most from their pastures.
“The importance of data in modern agriculture cannot be overstated, as it enables precise decision-making and enhances productivity.
“By integrating Farmote’s innovative services into our portfolio, we will not only harness valuable data insights but also offer new cutting-edge solutions to our customers.”
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