AgroLogic News
2 articles
growth-positive
Buffett buys more Israeli firms in addition to Iscar
CTB International, a member of Warren Buffetts Berkshire Hathaway group, has signed an agreement to purchase a controlling interest in AgroLogic, an Israeli company. The deal, estimated to be in the $5-$10 million range, includes the acquisition of 60% of AgroLogic and its subsidiary, Cellulogic. AgroLogic develops and manufactures agricultural systems, while Cellulogic specializes in warning and control systems. The acquisition is expected to open up the U.S. market for AgroLogics products. The deal is subject to approval from Israels antitrust commissioner.
Acquisition
growth-positive
Buffett strikes again: CTB buys control of Agrologic
CTB, a subsidiary of Berkshire Hathaway, has acquired a 60% controlling interest in Agrologic, an Israeli company that develops and manufactures integrated systems for agricultural use. The amount of the transaction was not disclosed. CTB plans to leverage its global marketing network and economic backing to help Agrologic grow. No changes in management are expected following the acquisition.
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