ICL Growing Solutions (IL) has acquired Lavie Bio (IL), a microbial agricultural solutions company, for $92 million in a move to bolster its portfolio of biological products.

Deal-at-a-Glance
Acquirer:ICL Growing Solutions (IL)
Target:Lavie Bio (IL)
Type:Acquisition
Value:$92 million
Closing Date:April 29, 2026
Announcement Date:May 8, 2025

The acquisition aims to enhance ICL Growing Solutions' offering in microbial solutions for agriculture, aligning with the company's strategy to leverage biological inputs that improve soil health and crop yields.

Deal Mechanics

Financial details of the deal were not disclosed beyond the purchase price of $92 million. The transaction is expected to be completed on April 29, 2026, following regulatory approvals and customary closing conditions.

Strategic Rationale

The acquisition is part of ICL Growing Solutions' broader initiative to integrate biological technologies into its agricultural solutions portfolio. Lavie Bio brings expertise in the development and commercialization of microbial products that enhance plant growth, protect against pests, and improve soil fertility.

Financial Context

Lavie Bio has been at the forefront of developing innovative microbial-based solutions designed to address challenges in sustainable agriculture. The company's technology is expected to complement ICL Growing Solutions' existing product lines, enabling the acquirer to offer a more comprehensive suite of biological inputs to farmers worldwide.