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The company will receive a share of the $1.75m in grants and over $10m of in-kind prizes. The award will help AutoAgronom expand its operations in the US. The company was recently acquired by Chinese conglomerate Yuanda Enterprise Group for a reported $20m. AutoAgronoms advanced drip irrigation technology will now be brought to China. 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AutoAgronom will maintain its main office and IP in Israel, with branch offices planned in China and California.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["agri-tech","food security","drip-irrigation","sensors","automatic irrigation"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners","Investment"],"acquisition_amount":"$20 million","structuredIssuesShow":"#Customers  #Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"Hud7NLltvDJagov9TI9CwoDO34MoaUUujefSp0mZ1zoTxWMDoQIP6W","news_summary":"How to grow ample food as water, farmland dwindle","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"b4cadba7-4f47-43cc-ab48-cc8b8f772042","date":"Sep 12, 2014","link":"http://jewishbusinessnews.com/2014/09/12/israels-autoagronom-ltd-bought-by-yuanda-for-20-million/","source":"jewishbusinessnews.com","visible":1,"analysis":{"tags":"acquisition","company":"AutoAgronom LTD","layoffs":null,"summary":"AutoAgronom LTD, a manufacturer of irrigation and fertilization systems, has been acquired by the Chinese Shenyang Yuanda Enterprise Group for $20 million. AutoAgronoms technology saves water and fertilizer and increases crop yield. The companys intelligent drip irrigation system is used in 13 countries and significantly improves water and fertilizer usage. The acquisition will allow Yuanda to develop agricultural manufacturing facilities based on AutoAgronoms technology. AutoAgronom believes that Yuandas marketing capabilities will help expand their products worldwide. Yuanda sees benefits in using AutoAgronoms system for farming in challenging environments. 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