Rivulis and Eurodrip announce merger
The merged company will be headquartered in Gvat, Israel and will be named Rivulis Irrigation, Ltd. Richard Klapholz, the current CEO of Rivulis Irrigation, will lead the merged company.
"We are thrilled to have these two leading companies join forces to better serve the growing needs of the irrigation markets around the world", said Klapholz in new release. "While benefiting from significant operational economies of scale, we will ensure that all commitments to our distribution business partners are maintained and further strengthened. Our goal is to ensure that our business partners will continue to be successful with the products and solutions of both companies - but now with a wider offering and stronger manufacturing base. I am looking forward to working closely with the Eurodrip teams around the world and I am certain that we will all benefit from their vast experience and their continued commitment and dedication."
Peter Berweger, Eurodrip Group CEO, added: "It has been a great honor for me to lead the Eurodrip Group over the past years and into this merger. With this transaction, we bring together two excellent micro irrigation businesses with complementary capabilities, and we are offering growers more choice and a wider product range to save water and enhance yield. The combined entity will have a truly global presence in all relevant irrigation markets, enabling strategic global growth and innovation that will benefit all stakeholders."