Cash purchase of approximately $930 million combines expertise in agriculture analytics and risk-management with Monsanto’s R&D capabilities.

Monsanto Company has announced a definitive agreement to acquire The Climate Corporation for a cash purchase price of approximately $930 million. The acquisition will combine The Climate Corporation’s expertise in agriculture analytics and risk-management with Monsanto’s R&D capabilities, and will provide farmers access to more information about the many factors that affect the success of their crops. The acquisition is subject to customary closing conditions and is expected to close in the first quarter of Monsanto’s 2014 fiscal year.

Latham & Watkins LLP represents Monsanto in the transaction with a corporate team led by partner Luke Bergstrom in the firm’s Silicon Valley office and associate Kristen Grannis in Boston, with partner Hans Brigham in Boston and associates Charlotte Chang and Nicholas Palatucci in Silicon Valley and William Hackett in San Francisco. Advice has also been provided on employee benefits and compensation matters by Silicon Valley partner Jay Metz, with associates Julie Crisp and Lilly Fang; on intellectual property matters by Silicon Valley partner JD Marple, with associate Arielle Singh; on privacy matters by partner Jennifer Archie in Washington, D.C.; on real estate matters by New York partner Michelle Kelban, with associates Sarah Baumgartner and Sara Myers; and on insurance matters by Los Angeles counsel Alexandra Roje, with associate Amy Kim.