Amiad

Company Overview

Snapshot

Founded in June 1962, Amiad operates with 201–500 employees. The company has completed one public offering and was delisted from the AIM exchange in August 2021, subsequently being brought to the Tel Aviv Stock Exchange by FIMI Fund.

Business overview

Amiad Water Systems develops and produces automatic, self-cleaning water treatment and filtration solutions, providing green solutions across industrial, municipal, irrigation, oil and gas, and ballast water markets. Its patented products are integrated into systems for filtration, micro-irrigation, membrane protection, wastewater, potable water treatment, cooling systems, and seawater filtration. Headquartered in Israel, Amiad serves customers in over 80 countries through its 9 subsidiaries and a network of more than 170 distributors, operating primarily in the Agriculture & Food Technologies sector.

Strategic signal

In February 2022, Amiad signed an agreement to acquire Canadian company Aslan Technologies for $4.5 million, with a potential additional $2.2 million. This acquisition is a strategic move to accelerate Amiad's growth and expand its specialized water treatment solutions for municipal and industrial customers, signaling a clear intent for market expansion and portfolio diversification.

Company Intelligence Q&A

What were Amiad's financial results for 2021?

In March 2022, Amiad reported a 10.2% increase in revenue to $115.3 million for 2021, up from $104.6 million in 2020. Operating profit grew by 56% to $8.5 million, and net profit increased by 133% to $6 million, driven mainly by the irrigation sector and post-COVID-19 recovery.

What was the strategic move regarding Amiad's stock exchange listing in 2021?

In August 2021, Amiad Water Systems was brought to the Tel Aviv Stock Exchange by FIMI Fund. The company, which had been trading on the AIM exchange in London since December 2005, was subsequently delisted from the London exchange.

What acquisition did Amiad make in February 2022?

In February 2022, Amiad signed an agreement to acquire the Canadian company Aslan Technologies for $4.5 million, with a contingent consideration of up to $2.2 million. This acquisition aims to accelerate Amiad's growth and provide specialized water treatment solutions.

What was FIMI Opportunity Funds' investment activity in Amiad in September 2019?

In September 2019, FIMI Opportunity Funds was in talks to invest an additional $22 million in Amiad Filtration Systems Ltd. This negotiation involved issuing new shares to FIMI, which would constitute 25% of Amiad's share capital, with FIMI aiming to hold 46% of the company.

When did Amiad first go public?

Amiad completed its Initial Public Offering (IPO) in December 2005, listing on the AIM exchange in London with a valuation of $43 million.