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In a deal that could boost its client base by more than 60 percent, St. Paul-based AgMotion Inc. agreed to acquire North Star Commodity Investment Co., a decade-old risk manager and industry consultant on managed grain and other agricultural products.
AgMotion - an Internet marketplace that guarantees the origin of the agricultural products it buys and sells - will acquire Minneapolis-based North Star for cash and stock worth in the low seven figures, said Rolf Peters, CEO of AgMotion. The deal is expected to close in July.
"The merger allows AgMotion and North Star to offer an increased bundle of services to an increased client base that we could not serve individually," he said.
AgMotion, on...