Land O’Lakes and UrtheCast Corporation have entered into a binding term sheet for the sale of Geosys Technology Holding. Geosys is a wholly-owned subsidiary of Land O’Lakes. With this $20 million deal, UrtheCast will take ownership of Geosys’ imagery data software. Land O’Lakes, through its WinField United business, will retain ownership of all intellectual property connected to its R7 Tool and farm-gate applications.
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