16th April 2021, Evolution, Masterrind and Vikinggenetics (owned by Faba, Växa and VikingDanmark) are announcing their intention to create a leading cattle breeding cooperative. This merger will result in the largest cattle breeding company in Europe with more than 53.000 members. The new cooperative will work on ensuring the most sustainable and highest possible genetic progress of different breeds, for the greatest benefit of the members and worldwide customers within the dairy and beef industry.
On 1st December 2020, the three companies Evolution, Masterrind and Vikinggenetics, announced the foundation of the new cooperative Arcowin from 1st of January 2021. Arcowin was established to support dairy and beef breeding programs from Evolution, Masterrind and Vikinggenetics, with the main objective to take advantage of their respective genetic resources and start some R&D collaborations.
In December 2020, the three companies agreed to investigate further synergies of collaboration. Based on the analysis of the synergies, the board of directors of the cooperatives announces their intent to merge activities related to R&D, breeding, production and international sales and marketing.
The merger is conditioned on receipt of regulatory approvals and is expected to take effect on 1st January 2022.