4 November 2024

2 minute read

By: Global Ag Media

Europe

The global multi-species genetics company Hendrix Genetics recently announced the signing of an agreement to merge its swine division, Hypor, with Danish Genetics and partners. The merge marks the establishment of a strategic partnership aimed at enhancing their collective presence in the global swine genetics market and unlocking new opportunities. 

Following the merger, Hendrix Genetics will hold a majority stake and Danish Genetics and partners will hold a significant part of the newly formed entity.

This merger represents a powerful collaboration between the swine divisions of Hendrix Genetics and Danish Genetics, designed to create a strong partnership that expands their current product portfolios, leverages cutting-edge technologies, and enhances their global distribution networks. Danish Genetics, recognized for its expertise in highly efficient sustainable swine genetics, aligns perfectly with Hypor’s mission to provide sustainable, high-quality solutions to pig producers worldwide.

“This step fits squarely within our Hendrix Genetics strategy, being a multi-species platform aiming to build a strong presence in each species we are active in," said Richard Maatman, CEO of Hendrix Genetics. "By integrating our resources with Danish Genetics, we can capitalise on our combined expertise and R&D capabilities to drive innovation and deliver exceptional value to our customers in the swine industry. Together, we are poised to set new standards for performance and sustainability in swine genetics." 

"We are very excited to embark on this journey with Hendrix Genetics and Hypor in this strategic partnership," added Jan Gerber, CEO of Danish Genetics. "By combining our resources and shared commitments to innovation and animal welfare, we aim to deliver advanced products that support producers in achieving higher performance. With a global reach, this partnership will allow us to serve our customers even more effectively across the globe.”

“This combination with Danish Genetics signifies more than just an expansion of capabilities; it represents the formation of a strategic partnership that will deliver enhanced value to our customers and the industry,” said Raf Beeren, managing director of Hypor. “By combining our strengths and expertise, we will be better positioned to develop innovative, sustainable solutions that meet the growing needs of the global swine sector.”

Mads Kring, Shareholder and Co-Founder of Danish Genetics, added, “This strategic combination will be a strong match ready to unlock significant value for the global pig producers by creating one of the world’s most advanced breeding companies. Through state-of-the-art research and technology and two highly complementary genetic populations, we can further support improving the efficiency and profitability of our customers.”

Parties anticipate closing the transaction in early 2025. Both Hypor and Danish Genetics are dedicated to ensuring a seamless transition for all stakeholders and building a lasting, prosperous partnership.