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Sumi Agro Europe Ltd, a wholly owned subsidiary of Sumitomo Corporation (referred to as “SAE”) and NIK group of companies (referred to as “NIK”),. SAE and NIK are entering into a partnership agreement, aiming expansion and implementation of the business related to precision agriculture in the Balkans (especially in Bulgaria and Romania) and broadly in Europe & CIS (especially in Ukraine, Russia, Poland, Czech Republic, Slovakia, Hungary, France and Germany). Synergy and innovation are highly expected by combining both companies’ core-competences: NIK’s advanced experience and operational know-how in the precision agriculture space, and SAE’s wide-ranging business platforms and assets for distribution of agricultural related materials.  The ability to share knowledge and experience between the two companies would improve farm productivity and boost precision farming adoption by Sumi Agro and NIK’s clients.