Cibus Capital retains majority stake in merged TTA-ISO

A merger has been announced between ISO Horti and TTA. The companies will merge under the name TTA-ISO. Under terms of the merger, investment firm Cibus Capital retained a majority stake in TTA-ISO, by providing additional funding and supporting the deal.

Commenting on the merger, Rob Appleby, Founder & CIO at Cibus Capital, said: "The horticultural industry is facing serious challenges around the world, so this merger makes perfect sense. It brings together two companies with complementary strengths to create a leading robotics business that will help growers worldwide adapt to changing markets and to thrive."

Jason Silm, Partner - Head of Agriculture at Cibus Capital, added: "The merger of ISO and TTA drives synergies in research and development to expedite labor-saving solutions for their international customer base. The TTA and ISO combined leadership are best in class and we look forward to partnering with them through this rapid growth phase as they launch multiple new disruptive robotic solutions into the food and horticulture value chains."

Martin Maasland, CEO at ISO, said: "This merger is a defining moment for us as we expand our ability to serve the horticultural sector in a deeper, more impactful way. By joining forces with TTA and strengthening our collaboration with Cibus, we're poised to address the industry's biggest challenges."

Jan Bakker, CEO at TTA, said: "Uniting as TTA-ISO is a natural next step in our shared commitment to advancing the horticultural industry. Automation has become essential to addressing labor CIBUS CAPITAL shortages, boosting productivity, and enabling growers to operate sustainably. This merger allows us to deliver smarter solutions."