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Monday, February 6, 2023

American corporation ADM acquires share in Acies Bio

By: J.S., STA

The US multinational food processing corporation ADM (Archer Daniels Midland) has acquired a minority stake in Acies Bio, a Ljubljana-based biotech company whose main activity is biotechnology R&D and consulting.

The agreement, whose value was not disclosed, was concluded last Friday. ADM acquired the stake in Acies Bio through its company ADM Ventures, which invests in technology start-ups. Acies Bio received a Gazelle Award for fast-growing company in 2018. It posted EUR 2.4 million in revenue in 2020.

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