Swiss agrochemicals group Syngenta has completed the acquisition of Nidera Seeds, the crop seeds business of Chinese grains trader COFCO International. Terms of the acquisition were not announced.

Nidera Seeds is an important player in the South American seeds market, diversified across crops, with a pool of proprietary germplasm and a relevant presence in key countries including Brazil, Argentina, Uruguay and Paraguay. Syngenta CEO Erik Fyrwald said these capabilities will enhance the Chinese-owned, Swiss-based player’s competitiveness in the relevant markets.

According to the news agency Reuters, COFCO spent more than $3 billion buying the former Dutch seeds trader Nidera, along with Noble Agri, over the past three years.