CREVE COEUR (dpa-AFX) - Monsanto Co. (MON) said it has acquired Beeologics, which researches and develops biological tools to provide targeted control of pests and diseases. Terms of the deal were not disclosed.
According to Monsanto, the expertise Beeologics has developed will enable it to further explore the use of biologicals broadly in agriculture. Monsanto noted that it will use the base technology from Beeologics as a part of its continuing discovery and development pipeline.
Monsanto stated that Beeologics' work to promote bee health will continue under its ownership.
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