Spanish company Sustainable Agro Solutions (SAS) has acquired Pevesa Agroscience, the agricultural division of Pevesa Biotech, a Spanish producer of biostimulants and plant-based fertilizers.

As part of the transaction, SAS will acquire Pevesa Agroscience’s operating assets and intellectual property.

“The transaction will enable the vertical integration of a strategic raw material – amino acids deriving from natural plant sources – and allow SAS to maximize its full potential,” noted a statement released today.

“We have admired Pevesa Agroscience for a long time and are thrilled to announce this investment at an exciting time for our business,” said SAS CEO Eduard Vallverdú. “This transaction fits very well into SAS’ core business and will enable us to introduce Pevesa Agroscience’s complementary and differentiated technology, intellectual property, and operating assets to SAS. We will integrate into SAS a strategic raw material, allowing us to increase the efficiency, quality, and differentiation of the company’s biostimulants product portfolio.”

Stirling Square Capital Partners, which acquired a majority stake in SAS in July 2021, is working alongside SAS’s leadership team to develop the company into an international market leader in agricultural biosolutions.

SAS acquired Biovert, a leading biosolutions business, in July 2023.

The statement said that SAS is progressing with the expansion of its facilities in Lleida, Spain.