Aliaxis to invest in CropX, a leader in digital precision agriculture

Aliaxis, a world leader enabling access to water and energy through inventive fluid management solutions, has signed an investment agreement and will be partnering with CropX, a global leader in agtech solutions for full farm management.

Through this partnership, Aliaxis and CropX will collaborate in the field of data driven precision irrigation. As irrigated crops, livestock, fisheries, aquaculture and forestry account for roughly 70 per cent of total freshwater withdrawals globally, efficient water usage in agriculture is clearly becoming more and more important.

Eric Olsen, CEO of Aliaxis says: "Among the focus areas of Aliaxis Next, our recently created division, is 'Water for Food'. With this division, we focus on growth beyond our core business and want to create a next generation of solutions with real societal impact. Partnering with CropX is fully in line with this ambition, as their unique approach allows farmers to monitor both below & above ground crop data, and to significantly increase crop efficiency."

Tomer Tzach, CEO of CropX declares: "We are very happy to be teaming up with Aliaxis. It is very exciting for us to get the support of a global leader that offers water and irrigation systems to customers in different parts of the world. It will support our expansion and the further development of our business. I am confident that the advanced digital intelligence we offer will also be beneficial to Aliaxis' agricultural customers."

The financial details of this agreement will not be disclosed.