Amplus sp. z o.o., a leading Polish producer and distributor of fresh fruits and vegetables, has signed an agreement to acquire shares in Terrabio, which is developing the first fully mobile genetic analyzer on the agri-food market.
Thanks to the signed agreement, the Wroclaw-based startup will be able to significantly accelerate the commercialization process of the product. The company’s product, Terralyzer®, is characterized by over 99 percent specificity in detecting various pathogens, as confirmed by field tests of the solution. Terrabio is a portfolio company of the Carlson ASI Evig Alpha fund. The total value of the transaction was not disclosed.
“The acquisition of the first industry investor is a significant step towards the commercialization of our analyzer. In 2021, we were able to confirm its 99 percent effectiveness in detecting pathogens, under field conditions. Thanks to the signed agreement with Amplus, we can count on substantive and technical support for commercialization. In 2023, we plan to launch the first sales in Poland and selected European markets. In further development plans, we are also thinking about expansion into the US market.” – Marcin Babilas, CEO of Terrabio sp. z o.o., said.