xFarm buys Brazil's Sibium with BlackRock backing an agtech push
What's the deal? Lugano-based xFarm Technologies has acquired 100% of Sibium AnalyticsDealroom has a profile for this one. Try Dealroom →, a Brazilian technology provider for the sugarcane industry. The acquisition, announced in October 2026, was partly financed through a bridge round that included BlackRock as a direct investor. Terms were not disclosed.
What each side does: xFarm develops software and connected hardware for agriculture, including weather stations and soil sensors built in-house. Sibium's solutions cover about 70% of Brazil's cultivated sugarcane area, making it a leading supplier to the sector.
Why now? xFarm says market dynamics and the opportunity made this the right moment to strengthen its presence in Brazil. It marks the group's sixth acquisition and its second in the country, after CheckplantDealroom has a profile for this one. Try Dealroom →.
What changes? Sibium will keep operating without interruption while drawing on its parent's wider portfolio. The combined offering pairs xFarm's solutions with Sibium's capabilities for sugarcane mills and producers.
What's the endgame? Formed in 2021 through the merger of xFarm and Farm TechnologiesDealroom has a profile for this one. Try Dealroom →, the group has since absorbed WapiDealroom has a profile for this one. Try Dealroom → in Italy, SpaceSenseDealroom has a profile for this one. Try Dealroom → in France, Greenfield TechnologiesDealroom has a profile for this one. Try Dealroom → in Spain, and two Brazilian firms. It aims to build a global platform for the digital transformation of the agri-food ecosystem through organic growth and acquisitions.
What about Switzerland? xFarm's Lugano headquarters remains its centre for management, AI, and IoT development, with hardware teams at the Technopole in Manno. "The Swiss team will grow, especially on the management side, given the various acquisitions we have made and will make," says Matteo Vanotti, chief executive officer of xFarm.
The signal: BlackRock's direct investment positions one of the world's largest asset managers behind a consolidating European agtech, as xFarm uses dealmaking to stitch together regional players into a single platform across key crop value chains.
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Image credit: USDAgov
