Hebei Lansheng Biotech Co., Ltd.
Beijing Multigrass Formulation Co., Ltd.

Temasek to acquire majority stake in Israeli micro-irrigation firm Rivulisqrcode

Sep. 16, 2020

Favorites Print
Sep. 16, 2020


Singapore state investor Temasek has signed an agreement to acquire a majority stake in Rivulis, an Israel-headquartered provider of global micro-irrigation products and solutions.

The acquisition, which is subject to government authorisation, is expected to be completed in Q4 2020, the companies said in a joint statement on Tuesday. Temasek's US$214 billion portfolio includes significant exposure to the agribusiness space, as well as a focus on sustainable living, which is core to Rivulis's business, they added.

Rivulis chief executive Richard Klapholz said micro-irrigation is a"transformative technology" offering the only viable solution to water scarcity and the resulting global food constraints.He added that the company was thrilled to have Temasek, which is focused on investments addressing global sustainability challenges, as its largest shareholder.

Rivulis, which has 2,000 employees, was set up in 1966 and represents the successful integration of four industry pioneers and veterans: Plastro, T-Systems, Roberts Irrigation and Eurodrip.The company innovates and deploys smart micro and drip-irrigation solutions, which it says help growers achieve higher yields and higher quality while safeguarding the sustainability of grower land and livelihood.

It has over 3,300 business partners worldwide, including individual growers and large corporate plantations in the agriculture, horticulture, greenhouse, landscape and mining industries.

Picture 0/1200

More from AgroNews


2020 India Pesticide Suppliers Guide 2020 Market Insight
2020 CRO & CRAO Manual 2020 Biologicals Special
2020 Latin America Focus 2020 Formulation & Adjuvant Technology
I wanna post a press Comment


Subscribe Email: *
Mobile Number:  


Picture 0/1200

Subscribe to daily email alerts of AgroNews.