Winnipeg technology firm 151 Research Inc. has been acquired by global ag manufacterer AGCO.
151 Research’s first milestone success came in 2018 when GrainViz secured an exclusive partnership with AGCO to distribute its imaging technology. GrainViz gives growers and commercial operators advanced insight into the moisture content and conditions of the grain in their bins.
“In under five years, our team at 151 Research revolutionized the ag tech industry by transforming a technology first created for the bio-medical industry at the University of Manitoba into an award-winning post-harvest monitoring platform," said Dr. Paul Card, Chief Executive Officer and co-founder of 151 Research Inc. “We’d like to particularly thank our partners in the Winnipeg tech and business industry as well as our academic experts who believed in our start-up and without whom we wouldn’t be here today.”
In the past 18 months, 151 Research grew from five to over 45 full-time employees.
“We believe this acquisition will help improve our customers’ operations through smarter technology,” said Stefan Caspari, AGCO Senior Vice President, General Manager, Grain and Protein. “We look forward to creating a connected experience across the entire grain system to further increase efficiency and profitability for our customers.”
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