Rivulis Irrigation Overview
Rivulis Irrigation offers a full line of irrigation devices, including drip lines, drip tapes, filters, hoses and tubing, sprinklers, sprays, and valves. The companys products are designed for the above-ground and subsurface application of water and nutrients directly to the root zone of every plant, resulting in greater yields using equal or lower amounts of water and nutrients compared to other water-distribution systems. Rivulis Irrigation was established in 2014, when FIMI acquired the former John Deere Water division from John Deere. John Deere Water was established in 2006 by a consolidation of the micro-irrigation companies Plastro, T-Systems, and Roberts. Rivulis expanded into irrigation-focused precision agriculture software services with Manna Irrigation, a fully owned subsidiary. In 2017, Rivulis merged with the Greek irrigation company Eurodrip. In December 2020, the company was acquired by Temasek Holdings, Singapores government investment company, at a company valuation of $450 million.
Cumulative Funding Raised Over Time ($)
$250.0MJul 2022
Latest News
Rivulis Appoints Irrigation Industry Veteran Joshua Dixon as CEO
growth-positive
Rivulis and Jain Irrigation's International Irrigation Business to merge to create a Global Irrigation and Climate Leader
Rivulis and Jain Irrigation Systems Limited have entered into a merger agreement, with Rivulis acquiring multiple overseas subsidiaries of Jain Irrigation. The merged company, called Rivulis (In alliance with Jain International), will be a global leader in irrigation and climate solutions. The merger will enable the company to provide extensive product offerings and digital farming services to growers and business partners worldwide. Temasek, a global investment company, will become the majority shareholder of the merged company. The transaction is subject to regulatory approvals. The merged company will be headquartered in Singapore and Israel and will focus on accessibility, innovation, and sustainability in the agricultural irrigation sector.
AcquisitionPartners
growth-positive
FIMI quadruples investment on sale of Rivulis
Temasek investment fund has completed the purchase of irrigation systems company Rivulis for $450 million. FIMI Opportunity Funds, which bought Rivulis in 2014, has realized its 60% stake at a company valuation of $450 million, quadrupling its investment. Rivulis is now the worlds second largest irrigation company.
Acquisition
growth-positive
Singapore's Temasek signs deal to acquire Israeli micro-irrigation company Rivulis
Singapores Temasek Holdings has acquired 85% of Israel-based micro-irrigation company Rivulis Irrigation Ltd. The deal was signed with Rivulis controlling shareholder, FIMI Opportunity Funds (56%), and Paine & Partners (29%). Temasek intends to retain Rivulis current management and headquarters. FIMI will receive approximately $240 million for its shares, while Paine & Partners will get $125 million. The sale process began over a year ago and was halted due to the COVID-19 outbreak. Rivulis sales in 2019 were around $400 million. Rivulis employs 1,800 people across 16 facilities worldwide. Temasek has $306 billion in assets under management.
Acquisition
growth-positive
Temasek in Talks for Irrigation Company Rivulis
Singapores government holding company Temasek Holdings is in talks to acquire Israel-based micro irrigation company Rivulis Irrigation Ltd. FIMI Opportunity Funds, Rivulis controlling shareholder, is asking for between $400 million and $500 million. Temasek is conducting a due diligence process for Rivulis. Other interested parties are also negotiating with FIMI, but FIMI is currently negotiating solely with Temasek.
Acquisition
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | Undisclosed |
| Last funding | $250M |
| Stage | Acquired |
| Rounds | 2 |
| Investors | 5 |
Team Members
5
Employees: 500+
Web & Social Links
| Website | www.rivulis.com |
Locations
HaMehkar St 5, Migdal HaEmek, Israel
Gvat, Israel
Na'an, Israel
7545 Carroll Canyon Rd, San Diego, CA 92121, USA
Cerro Sta Lucía 9990, Quilicura, Región Metropolitana, Chile
Zi la Pointe, 13 Chem. de Novital, 31150 Lespinasse, France
Pushkin St, 105, Kazan, Respublika Tatarstan, Russia, 420015
Manzanares, 13200 Manzanares, Ciudad Real, Spain
13-15 Duntroon Street, Brendale Queensland 4500, Australia
Simn Bolvar Norte 1365, Chimbas, San Juan, Argentina
Block No.593/B, PadraJambusar Road, Village: Vadu, Taluka: Padra, District: Vadodara -391 440, Gujarat, India
Mina de Calderones N 200 Puerto Interior Santa Fe III Silao, Guanajuato, Mexico
R. Lineu Anterino Mariano, 255 - Distrito Industrial, Uberlândia - MG, 38402-346, Brazil
Castaneda Bldg, 71 J.P. Laurel Ave, Bajada, Davao City, 8000 Davao del Sur, Philippines
China, Bei Jing Shi, Chao Yang Qu, 甲 Shu Guang Xi Li, 1-11号CN 北京市 邮政编码: 100028
Boyle Rd, Corby NN17 5XU, UK
60B Orchard Rd, Singapore 238891
Oinofyta, Viotia, Greece
164 Al Haram, Al Kom Al Akhdar, El Talbia, Giza Governorate 12512, Egypt
Esentepe Mahallesi, Bykdere Caddesi, ili, Turkey
2851 E Florence Ave, Fresno, CA 93721, USA
Photos & Videos
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Rivulis Irrigation Business
Business models
B2B
Product stage
Released
Employees
500+
Sector
Climate TechSustainable Water SolutionsWater for Industry & Residential UsesFood & Land UseSustainable FarmingAgriculture & Food TechnologiesAg TechFarm Equipment & TreatmentTarget Customer
Agriculture & FoodCropsCore Technology
ComponentsTags (16)
agtechwater-managementgardeningirrigationdrip-irrigationvalvescropsfilterswater-savingclimate-techwater-systemsfarmerswateragricultureirrigation-and-water-managementpipes-and-pipelinesSolutions
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{"title":"Agriculture","description":"Rivulis T-Tape is a drip irrigation system that delivers water and nutrients directly to the root zone of crops, significantly improving water and fertilizer efficiency, increasing yields, and reducing labor costs for agricultural operations.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":4,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
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Use Cases
Berries: Frutas Esther, Huelva, SpainAvocados & Bananas: Kibbutz Nahal Oz, IsraelAgrícola Santa Amalia - T-Tape: EnglishCotton: TuckAg, AustraliaGeographic Markets
IndiaMexicoBrazilChilePeruArgentinaGlobalRivulis Irrigation Financials
Undisclosed
Total funding
Undisclosed
Capital raised
$250M
Last funding
Acquired
Funding stage
2
Total rounds
5
Investors
Cumulative Funding Raised Over Time ($)
$250.0MJul 2022
Private Equity Funding
Debt Financing
Jul 2022
$250M
HSBC Ventures, Rabobank, State Bank of India, Leumi Partners, FIBI Holding
Public Offering / Exit
MNAEvent
Dec 2020
Undisclosed
MNAEvent
Feb 2014
$60M
MNAEvent
Jun 2008
$73M
DelistingEvent
Feb 2008
Undisclosed
POEvent
Undisclosed
Mergers & Acquisitions
MNAEvent
Apr 2023
Undisclosed
MNAEvent
Jun 2022
Undisclosed
MNAEvent
Jan 2017
Undisclosed
MNAEvent
Mar 2016
Undisclosed
MNAEvent
Mar 2016
Undisclosed
Rivulis Irrigation Lifecycle
Cumulative Funding Raised Over Time
$250.0MJul 2022
All Events
Debt Financing
Jul 2022
$250M
HSBC Ventures, Rabobank, State Bank of India, Leumi Partners, FIBI Holding
MNAEvent
Dec 2020
Undisclosed
MNAEvent
Feb 2014
$60M
MNAEvent
Jun 2008
$73M
DelistingEvent
Feb 2008
Undisclosed
POEvent
Undisclosed
MNAEvent
Apr 2023
Undisclosed
MNAEvent
Jun 2022
Undisclosed
MNAEvent
Jan 2017
Undisclosed
MNAEvent
Mar 2016
Undisclosed
MNAEvent
Mar 2016
Undisclosed
Rivulis Irrigation News
15 articlesRivulis Appoints Irrigation Industry Veteran Joshua Dixon as CEO
growth-positive
Rivulis and Jain Irrigation's International Irrigation Business to merge to create a Global Irrigation and Climate Leader
Rivulis and Jain Irrigation Systems Limited have entered into a merger agreement, with Rivulis acquiring multiple overseas subsidiaries of Jain Irrigation. The merged company, called Rivulis (In alliance with Jain International), will be a global leader in irrigation and climate solutions. The merger will enable the company to provide extensive product offerings and digital farming services to growers and business partners worldwide. Temasek, a global investment company, will become the majority shareholder of the merged company. The transaction is subject to regulatory approvals. The merged company will be headquartered in Singapore and Israel and will focus on accessibility, innovation, and sustainability in the agricultural irrigation sector.
AcquisitionPartners
growth-positive
FIMI quadruples investment on sale of Rivulis
Temasek investment fund has completed the purchase of irrigation systems company Rivulis for $450 million. FIMI Opportunity Funds, which bought Rivulis in 2014, has realized its 60% stake at a company valuation of $450 million, quadrupling its investment. Rivulis is now the worlds second largest irrigation company.
Acquisition
growth-positive
Singapore's Temasek signs deal to acquire Israeli micro-irrigation company Rivulis
Singapores Temasek Holdings has acquired 85% of Israel-based micro-irrigation company Rivulis Irrigation Ltd. The deal was signed with Rivulis controlling shareholder, FIMI Opportunity Funds (56%), and Paine & Partners (29%). Temasek intends to retain Rivulis current management and headquarters. FIMI will receive approximately $240 million for its shares, while Paine & Partners will get $125 million. The sale process began over a year ago and was halted due to the COVID-19 outbreak. Rivulis sales in 2019 were around $400 million. Rivulis employs 1,800 people across 16 facilities worldwide. Temasek has $306 billion in assets under management.
Acquisition
growth-positive
Temasek in Talks for Irrigation Company Rivulis
Singapores government holding company Temasek Holdings is in talks to acquire Israel-based micro irrigation company Rivulis Irrigation Ltd. FIMI Opportunity Funds, Rivulis controlling shareholder, is asking for between $400 million and $500 million. Temasek is conducting a due diligence process for Rivulis. Other interested parties are also negotiating with FIMI, but FIMI is currently negotiating solely with Temasek.
Acquisition
growth-negative
FIMI in Early Talks to Sell Irrigation Company Rivulis
FIMI Opportunity Funds, a private equity firm, is in talks to sell Rivulis Irrigation Ltd. The negotiations are mainly with foreign funds. FIMI and its partners have hired Goldman Sachs to lead the sale, with a target valuation of between $500 million and $550 million. Rivulis was created when FIMI acquired the water division of John Deere in 2014. FIMI has taken steps to bolster Rivulis since the acquisition, including layoffs and acquisitions to strengthen its presence in Turkey and South America. The sale is still in early stages and may be postponed or canceled due to market instability.
AcquisitionInvestmentLayoffs
growth-positive
Rivulis Irrigation buys Greek co Eurodrip
Rivulis Irrigation, an Israeli drip irrigation manufacturer, has acquired Greek irrigation company Eurodrip, making it the worlds second largest irrigation company outside of India. The financial details of the acquisition were not disclosed, but it was an all-share deal. The Israeli private equity firm FIMI Opportunity Funds will remain the controlling shareholder in Rivulis. The company expects revenue of NIS 1.25 billion in 2017. The merger aims to better serve the growing needs of the global irrigation market and provide advanced agricultural technology to farmers worldwide.
Acquisition
growth-positive
Rivulis and Eurodrip Announce Merger to Create a World Leader in Micro Irrigation
Rivulis Irrigation Ltd. and Eurodrip S.A. have entered into a definitive merger agreement, creating a global leader in micro irrigation. The merged company will have 18 factories worldwide and 1,800 employees across 5 continents and 30 countries. The merger is expected to provide growers with an extensive product and solution offering. All current shareholders of both companies will remain shareholders of the merged company. The merged company will be headquartered in Israel and named Rivulis Irrigation, Ltd. Richard Klapholz, the current CEO of Rivulis Irrigation, will lead the merged company.
Acquisition
growth-positive
Israel: Rivulis establishes software division Manna Irrigation
Rivulis Irrigation has announced the establishment of Manna Irrigation Ltd., a fully owned subsidiary that will develop, market and deliver irrigation-focused precision agriculture software services. Manna Irrigation has acquired all the assets of Agam Advanced Agronomy Harei Megido Ltd., a leader in precision farming and remote sensing services in Israel. The new subsidiary will help growers make better informed decisions to enhance crop productivity and operational efficiency.
AcquisitionExpand
growth-positive
India's DEL buys stake in Israeli irrigation co Rivulis
Private equity fund FIMI Opportunity Funds is bringing a partner, Dhanna Engineering (DEL), into Rivulis Irrigation. DEL is acquiring a 20% stake in Rivulis for $34 million, valuing the company at $170 million. FIMI acquired Rivulis for $60 million six months prior. The partnership with DEL will help Rivulis expand into the Indian market. Rivulis has been on the mend since FIMI acquired it, with improvements in management and operational parameters. The Firodia family, owners of DEL, are one of Indias wealthiest families and have a personal worth of $1.4 billion. Rivulis plans to leverage the familys experience to become a key player in irrigation in India, the worlds largest irrigation market.
Investment
growth-negative
FIMI Purchased John Deere Water, that has Technological Expertise in Irrigation Technology
The FIMI investment fund has purchased John Deere Water for $60 million, renaming it Rivulis Irrigation. The new owners aim to turn around the companys heavy losses and achieve a greater return on investment. John Deere Water had reported poor economic performance, with sales of drip-irrigation products dropping from $150 million to $80 million annually. The company has production sites in multiple countries and employs distributors and marketing offices worldwide.
Investment
growth-negative
FIMI completes John Deere Water acquisition
FIMI Opportunity Funds has acquired John Deere Water for $60 million. The private equity fund plans to establish the companys center of business in Israel and implement a growth strategy and operational improvements. John Deere Water includes Plastro Irrigation of Kibbutz Gvat and US irrigation equipment companies Roberts Irrigation Inc. and T-Sytems International Inc. The acquisition was prompted by John Deere Waters losses, leading Deere & Company to sell it.
Acquisition
growth-positive
Deere buys Plastro Irrigation
Deere & Co. has acquired the remainder of Plastro Irrigation Systems, a maker of plastic irrigation equipment. The acquisition combines Plastro with John Deere Water Technologies and T-Systems International. This move doubles the employment of Deeres Water Technologies unit and makes John Deere the worlds third-largest agricultural irrigation firm. The terms of the Plastro deal were not announced, but Deere previously agreed to acquire control of Plastro for 265 million new Israeli shekels ($73 million).
Acquisition
Growth-Positive
Deere finalizes acquisition of Israel-based Plastro Irrigation;terms not disclosed - quick facts
Deere & Company has completed the acquisition of Plastro Irrigation Systems, Ltd., an Israel-based company. The terms of the transaction were not disclosed. This acquisition is expected to boost the growth of John Deere Water Technologies. Deere plans to merge Plastro with its current John Deere Water Technologies operations and T-Systems International, which it acquired last month. This makes John Deere the third largest agricultural irrigation company globally.
Acquisition
growth-positive
John Deere buys Plastro
John Deere has signed a contract to acquire Plastro Irrigation Systems from Kibbutz Gvat for NIS 265 million. The acquisition is growth-positive for John Deere. The key theme of the article is the acquisition of Plastro Irrigation Systems. The structured issue is the acquisition. The event described in the article occurred on February 10, 2008. The confidence level is 8.
Acquisition
Rivulis Irrigation Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 1431 |
| Team members | 6 |
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Rivulis Irrigation Internal
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Admin Info
| Confidence | 100/100 |
| Missing | video or image, markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515048452 |
| Crunchbase | rivulis-irrigation |
| Phone | +972737800444 |
| Creator | Yamila Silbert |
| Creator email | yamila.urwicz@gmail.com |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2023-05-18T00:00:00.000Z |
| Created | 2015-03-26T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Acquired by John Deere on Jun, 2008 |