Rivulis completes acquisition of Jain Irrigation

Rivulis Pte. Ltd. has received full regulatory approval for the acquisition of multiple overseas subsidiaries, which comprise the international irrigation business of Jain Irrigation.

Rivulis will finance the acquisition (initially announced in June 2022) with additional investment from Temasek as well as newly issued shares to Jain India. In addition, debt issuances of Jain USA and NaanDanJain will be refinanced immediately post-closing through a syndicated facility signed with leading banks, including HSBC, Rabobank, State Bank of India, ING, Bank Leumi, and the First International Bank of Israel.

“We are thrilled to have both companies join forces to build a long-lasting, purpose-led company, spearheading the transformation of agriculture through its focus on accessibility, innovation, and sustainability,” said Richard Klapholz, Rivulis CEO.

Rivulis is a global micro-irrigation company offering irrigation solutions for seasonal, permanent, and protected crop environments through its product and service portfolio brands: Rivulis, NaanDanJain, Jain, Eurodrip, and Manna. With 80 years of field-trusted innovation, Rivulis has 24 large-scale manufacturing sites in 15 countries and 3,000 employees located in 35 countries, three R&D centers (Israel, California, and Greece), and multiple irrigation project design centers around the globe.

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