Amiad News
7 articles
growth-positive
עמיעד סוגרת את 2021 עם קפיצה של 133% ברווח הנקי
עמיעד מערכות מים, a water treatment and filtration company, reported its financial results for 2021. The companys revenue grew by 10.2% to $115.3 million compared to $104.6 million in 2020. The operating profit increased by 56% to $8.5 million, and the net profit grew by 133% to $6 million. The growth in revenue was mainly driven by the irrigation sector and the recovery from the COVID-19 pandemic. The company is focused on improving its operational efficiency and expanding its presence in the American market. It has also seen a significant increase in order backlog for 2022.
Customers
growth-positive
עמיעד רוכשת חברה קנדית של מערכות טיפול במים ב-4.5 מיליון דולר
עמיעד, a company that develops and markets water treatment and filtration systems, has signed an agreement to acquire the Canadian company Aslan Technologies for $4.5 million, with a contingent consideration of up to $2.2 million. The acquisition is part of עמיעדs strategy to accelerate its growth. עמיעד previously acquired another company in 2023. The acquisition of Aslan Technologies will provide עמיעד with specialized water treatment solutions for municipal and industrial customers.
Acquisition
growth-positive
קרן פימי מביאה את חברת עמיעד מערכות מים לבורסה בת"א
Amiad Water Systems, a company that develops, manufactures, and markets water filtration systems, is being brought to the Tel Aviv Stock Exchange by the FIMI Fund. The company, which has been traded on the AIM exchange in London since December 2005, will begin trading in Tel Aviv next week and will subsequently be delisted from the London exchange. Despite a 9.5% decline in revenues to $104.6 million in 2020 due to project delays by customers, the company turned profitable thanks to wage and interest payment cuts. The companys shares are currently divided between the FIMI Fund (42.8%), Kibbutz Amiad (30.5%), the British asset management company Impax (7.3%), and public investors (19.4%).
Public TradingInvestment
growth-positive
FIMI to increase Amiad Filtration Systems stake to 46%
FIMI Opportunity Funds is in talks to invest NIS 100 million more in Amiad Filtration Systems Ltd., a kibbutz company. FIMI first invested in Amiad in 2018 and increased its stake in the company four months ago. The negotiations involve an investment of $22 million by FIMI at a 10% lower market price. In return, Amiad will issue new shares to FIMI constituting 25% of its share capital. FIMI is also negotiating to acquire an additional 10% of the company from Kibbutz Amiad and Kibbutz Beit Zera. If the offering and deal are completed, FIMI will hold 46% of Amiad Water Systems, and Kibbutz Amiad will hold 33%. Amiads financial reports for the first half of the year showed growth in revenue but a drop in net profit. FIMI has also signed a letter of intent to acquire control of Tahal and is trying to sell Rivulis Irrigation.
Investment
growth-positive
FIMI in Talks to Buy Controlling Stake in Kibbutz-Owned Water Treatment Company
Israel-based private equity firm FIMI Opportunity Funds is in advanced talks to acquire a controlling stake in Amiad Water Systems Ltd., a water treatment and filtration company. FIMI already holds 18% of the company and is looking to acquire up to 27% more. The company currently trades at GBP 2.2 per share, giving it a market capitalization of GBP 50 million. The potential stake could be worth as much as GBP 2.6 per share, or GBP 17.4 million. Two-thirds of the acquisition amount will go into Amiad for corporate activities, while a third will be divided among the kibbutzs 200 members. Amiad manufactures and sells water filters and filtration systems and is considered a market leader in its segment.
Acquisition
Amiad Launches New Sigma Series for Improved Irrigation Filtration
growth-positive
Viola buys Amiad stake
Viola Private Equity has acquired a 23% stake in Amiad Filtration Systems Ltd. for $9 million. The investment is expected to lead to significant growth for Amiad, which develops and sells water filtration products for industrial and municipal water infrastructures. Viola partners Harel Beit-On and Osnat Ronen will join Amiads board of directors. Amiad operates in about 70 countries and has a solid reputation and talented management. The investment was made due to Amiads impressive and consistently high growth, high-quality products, wide market reach, and international standing.
Investment
