AgEye announced its strategic acquisition of the HYVE brand from Dascom Americas. The company will also assume leadership roles for sales, installation, and support of HYVE systems moving forward. This move, an extension of the partnership that started in 2022, merges AgEye's AI technology with HYVE's scalable, automated vertical farming system, and provides a clear and focused team and direction that will bring undistracted attention in providing the best, most comprehensive system for commercial farming operations.
Nick Genty, CEO of AgEye, highlighted the industry's challenges: "Vertical farmers often struggle with piecing together disparate solutions from various providers, leading to inconsistent results. Some have attempted to develop their own technologies, usually facing limited success and budget overruns. We've taken a fundamentally unique approach, combining task-specific yet straightforward technologies to provide a comprehensive, superior alternative that has already demonstrated success in the market."
Central to this solution is the automation of the entire plant lifecycle, from seeding to harvest. Efficient and practical robotics technology significantly reduces human errors, improves plant health, and lowers labor costs, all without the substantial financial investment typically required by advanced technologies. Enhanced by AgEye's sophisticated analytics and crop monitoring, this automation supports informed, data-driven decisions across all farming operations – from irrigation and nutrition to lighting, climate control, and harvesting, setting a new standard for the industry. The comprehensive solution is designed to address the real-world challenges faced by vertical farmers, aiding in lowering operational expenses and growing cost-competitive crops.
"The acquisition of the HYVE brand and day-to-day leadership underscores our commitment to advancing indoor agriculture through technology," said Bashir Jabbour, Senior Director of Product at AgEye. "Our turnkey solution, where every component is precisely designed to work together, simplifies the journey to success for growers in a competitive landscape. This cohesive approach allows growers to focus on their primary skill: growing. It spares them the complexity of managing multiple vendors and accelerates the operational setup."
According to Ron Acorn, President of Dascom Americas: "AgEye and HYVE have worked together in a strategic capacity over the course of the last several years. Nick is a seasoned leader, full of energy, and very focused with a team that is well positioned to take HYVE to a new level. This deal comes at a very opportune time for both companies. AgEye is geographically and strategically well-positioned to maximize the capabilities of a more full-scale integration of the specific abilities of both companies. The combination of the system infrastructure we have cultivated to this point combined with their superior technology leadership means that there is now one source with a fully focused vision to give commercial growers the most viable and comprehensive pathway to success in their indoor farming pursuits. It is both strategic and practical for AgEye to assume a more prominent role in bringing this comprehensive solution to market. AgEye's leadership, technical expertise, and depth of experience add the final missing piece to an unmatched recipe for prospective indoor farmers who will without doubt change the landscape of commercial farming moving forward."
This move marks a significant step in AgEye's effort to transform vertical farming into a well-known, dependable, and financially viable way to grow crops all year, moving it from a niche method to a widely accepted, sustainable form of agriculture. The goal is to make advanced crop intelligence and automation technology accessible to indoor farmers of all sizes, enhancing their productivity and ensuring sustainable and continuing operations.
For more information:
AgEye Tech
https://ageyetech.com
HYVE Indoor Farming Systems
[email protected]
https://growhyve.com