VANCOUVER, BC - Semios, the leading precision-farming platform for permanent crops, announced today it has acquired Altrac, developers of an agriculture automation platform enabling farmers to monitor and control important agricultural systems required to produce high-value crops from their computer or mobile device.
"Semios' success is founded in helping farmers manage their risk and optimize yields through data, AI-driven insights and technology," said Dr. Michael Gilbert, CEO of Semios. "Partnerships are a fundamental part of our strategy and last year we partnered with Altrac to combine the power of our per-acre, in-canopy climate sensors with Altrac's industry-leading frost fan automation devices to manage the potentially devastating impacts of frost on crops. Our customers were really excited about the results, which motivated us to make this investment in Altrac. We look forward to unlocking more opportunities together."
Farmers have long struggled to keep up with the growing number of precision agriculture tools available to address critical issues threatening crops. The acquisition of Altrac is a pivotal first step in Semios' ambitious strategy to consolidate crop management solutions into one, easy-to-use platform. Bringing independent applications into one dashboard with a single login makes them more accessible and beneficial to farmers.
"Semios has been a fantastic partner, and we are excited to further our collaboration to allow Altrac to accelerate the geographic reach and adoption of our wind machine and irrigation control solutions across North America," said Neil Schultz, General Manager and co-founder of Altrac. "We know there are additional problems facing farmers that have yet to be solved, and we look forward to tackling them together as a combined solution."