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KWS SAAT SE (ISIN DE0007074007)

Entry into the vegetable seeds business: KWS acquires Pop Vriend Seeds

Einbeck, June 19, 2019. Today KWS SAAT SE entered into a definitive agreement for the purchase of the vegetable seeds business operating under the 'Pop Vriend Seeds' brand. Pop Vriend Seeds is a family-owned, worldwide operating seeds breeding company for spinach, beans, red beet, and Swiss chard with headquarters in Andijk/NL. Under the "Pop Vriend Seeds" brand, the company sells vegetable seeds in over 100 countries. The agreed purchase price equals approx. 20% of the current market capitalisation of KWS SAAT SE.

Founded in 1956, the fast-growing company Pop Vriend Seeds generated revenues of around EUR 75 million in the 2017/2018 financial year with above-average profitability. The acquisition will strengthen KWS's future revenues and earnings growth and contribute to the achievement of its strategic goals.

The Executive Board

Notifying person:
Peter Vogt
Head of Investor Relations
Tel.: +49-30-209136-217
[email protected]
KWS SAAT SE
www.kws.de