DELFT, Netherlands,
Sept. 25, 2019 /PRNewswire/
-- Ocado Group (LSE: OCDO), the world's largest dedicated
online grocery retailer, has completed its deal to partner and
invest in Infinite Acres, a full-service, global solutions provider
to the indoor horticulture and agriculture industries.
Infinite Acres is a partnership of three companies working
together to scale indoor food production through vertical farming
done in environmentally controlled, pesticide-free
facilities. The joint venture was first announced in June and
since has been engaged in several international projects.
Along with UK-based Ocado, the Infinite Acres partnership
includes Netherlands-based Priva
Holding BV, a leading provider of technology solutions, services
and automation systems to horticultural and other industries; and
U.S.-based 80 Acres Farms, a leader in technology-assisted indoor
growing and a multi-farm operator marketing a wide variety of
freshly-harvested vegetables and fruits.
Infinite Acres' mission is to provide best of breed technology
and expertise to grow the highest quality produce near urban
population centers throughout the world. The three Infinite
Acres partner companies are combining their individual strengths to
more rapidly expand vertical indoor farming – and to optimize its
economics -- at a time when consumers seek fresher, tastier
locally-grown produce.
"Infinite Acres is the only full-service solution available
today addressing the difficult challenges of season-limiting
produce production and the long-distance travel from field to the
consumer," said Tisha Livingston,
chief executive officer of Infinite Acres. "In our experience,
consumers prefer their produce to be grown nearby and freshly
harvested when they purchase it. That's something we can now
provide year-round. We welcome Ocado's innovative technology
and customer-centric software systems, robotics, automation, and
market intelligence as we revolutionize food production together
with Priva and 80 Acres Farms."
Stewart McGuire, Ocado Group head
of corporate development, said: "Ocado Group is delighted to be
part of the Infinite Acres joint venture, which will bring together
unprecedented and complementary expertise in vertical
farming. The future is about great tasting food, sustainably
produced. Infinite Acres, supported by Ocado's technology,
will be an important catalyst in making this happen."
About Infinite Acres
Infinite Acres' mission is to
provide the best technology and knowledge available to grow the
highest quality produce near population centers throughout the
world. Its three primary partners – Priva, Ocado and 80 Acres
Farms – provide a unique combination of advanced technology and
engineering systems, operational mastery, and food and
horticultural industries expertise. Infinite Acres will
custom-design, build, install, and maintain automated indoor grow
centers. Through state-of-the art facilities, it can
provide its customers with uniquely developed crop recipes and the
right unit economics. In addition, 80 Acres Farms offers the
option of facility management for Infinite Acres customers seeking
an operating partner responsible for yield guarantees, product
packaging, distribution, branding, and marketing. Infinite
Acres is headquartered in Delft, Netherlands. For more
information, visit www.infinite-acres.com.
About Ocado
Ocado is a U.K. based company admitted to
trading on the London Stock Exchange (LSE: OCDO). It comprises one
of the world's largest dedicated online grocery retailers,
operating its own grocery and general merchandise retail businesses
under Ocado.com and other specialist shop banners, together with
its Ocado Solutions division. For more information, visit
www.ocado.com.
Contacts:
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Ocado:
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David
Shriver
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david.shriver@ocado.com
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Infinite
Acres:
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Jack
Modzelewski
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jack@jackknifePR.com
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+01 312 259
2792
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SOURCE Infinite Acres