Sector

10 March 2022

Bayer to sell Environmental Science arm to Cinven

BUSINESS

BPCA member Bayer will sell its Environmental Science Professional business to Cinven for 2.6 billion U.S. dollars.

bayeressoldtocinven

  • Transaction streamlines Crop Science portfolio and ensures greater focus on core agricultural business
  • Cinven seeks to continue to drive innovation and accelerate growth through significant investment in the acquired business.

Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer’s Environmental Science Professional business for a purchase price of 2.6 billion U.S. dollars (2.4 billion euros), Bayer announced on Thursday.

“This divestment represents a very attractive purchase price and allows us to focus on our core agricultural business and the successful implementation of our Crop Science Division growth strategy,” said Rodrigo Santos, Member of the Board of Management of Bayer AG and President of the Crop Science Division.

Environmental Science Professional offers environmental solutions to control pests, diseases and weeds in non-agricultural areas such as vector control, professional pest management, vegetation management, forestry, and turf and ornamentals.

“This divestment represents a very attractive purchase price and allows us to focus on our core agricultural business and the successful implementation of our Crop Science Division growth strategy”

Rodrigo Santos, President of the Crop Science Division

In 2021, the business had approximately 800 employees supporting operations and sales in more than 100 countries. It is headquartered in Cary, North Carolina, USA. Bayer had announced its decision to divest the business in February 2021.

“Driven by a shared belief in people and purpose, Cinven will enable the Environmental Science Professional business to advance towards its vision of healthy environments for everyone, everywhere. We are convinced by Cinven’s focus and its commitment to the long-term growth potential for the business and its people,” Santos said.

The transaction is expected to close in the second half of this year, subject to the satisfaction of customary closing conditions. Its net proceeds are to be used to reduce Bayer’s net financial debt.

“Bayer’s Environmental Science Professional business is a global leader in a highly attractive and critical industry. We thank Bayer for the trust they have placed in Cinven and plan to build on the strong foundations established by Bayer by significantly investing in it,” said Pontus Pettersson, Partner and Head of Industrial at Cinven.

“As a long-established global investment firm, Cinven is well positioned to continue to drive innovation and accelerate growth at Environmental Science Professional, including the delivery of digital and data enabled solutions, as well as make the business more agile in responding to the unique needs of its markets and customers.”

GOT SOME NEWS? 

Share it with us and we might publish it here.

hello@bpca.org.uk

Source: Bayer Press Release

Highlights View all news

06 June 2025

Latest news

Results are in: meet your new BPCA Board representatives 2025

Six new Member Directors have been chosen to help lead the Association and represent the interests of BPCA members at the highest level.

Read more

02 May 2025

Latest news

Full steam ahead for entry-Level 3 qualifications on BPCA Qualifications Framework

BPCA has committed to developing new Level 3 pest management qualifications as part of a new industry qualification framework.

Read more

24 March 2025

Latest news

Professional Pest Controller issue 118 (PPC118) out now

PPC118 is out now and packed full of great content.

Read more
Latest View all news

11 June 2025

Latest news

EnviroCareer launches to help solve industry-wide talent challenges

Press release: A new global player is stepping up to support the Environmental Science and Public Health Industry with recruitment.

Read more

11 June 2025

Latest news

Mega ants hit the press

With Tapinoma magnum ants hitting the headlines, BPCA gave news outlets the lowdown on this invasive species.

Read more

11 June 2025

Latest news

Spending Review 2025: Key announcements at a glance and how it might affect pest management

BPCA has been closely monitoring the announcements, and although pest management wasn’t directly addressed, several changes may have implications for the sector.

Read more