The StarTribune’s Patrick Kennedy recently reported that Burnsville, MN, based DTN has completed an acquisition of Iteris Inc.’s ClearAg product line. DTN’s CEO Steve Metthesen stated “ClearAg is a global leader, offering best-in-class solutions for customers throughout the agriculture supply chain.” DTN will utilize the ClearAg agronomic insights to further their capabilities in agribusiness as well as pursue new opportunities in the transportation market. The acquisition is DTN’s seventh in the past few years. The Company, which is backed by a Swiss Venture Capital Firm, also provides forecasting services for energy, financial, and weather markets. Quazar Capital was not involved in the transaction.
Read the full article here: StarTribune
