”​ Dutch speciality chemicals company Evonik has taken a minority stake in UK farm technology start-up Ovo , which is developing remote poultry house monitoring systems to maintain animal welfare and help farmers achieve their targets. The financial terms have not been disclosed. The UK firm has advanced the digitalisation of chicken farming, the German firm said, adding the deal will bolster Evonik ’s animal nutrition operations. Evonik , which recently invested in German chicken farming biotechnology start-up Ovo , says it plans to spend $114m ( $114m ) backing innovative technologies and specialised funds through its venture capital unit.
Dutch speciality chemicals company Evonik has taken a minority stake in UK farm technology start-up Ovo , which is developing remote poultry house monitoring systems to maintain animal welfare and help farmers achieve their targets. The financial terms have not been disclosed. The UK firm has advanced the digitalisation of chicken farming, the German firm said, adding the deal will bolster Evonik ’s animal nutrition operations. Evonik , which recently invested in German chicken farming biotechnology start-up Ovo , says it plans to spend $114m ( $114m ) backing innovative technologies and specialised funds through its venture capital unit.