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Jain Irrigation to merge global business with Rivulis

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Rivulis Pte. Ltd. and Jain Irrigation Systems Limited have entered into definitive transaction agreements to which Rivulis will acquire multiple overseas subsidiaries that consist of the international irrigation business of Jain Irrigation.

The combined entity will enable market coverage, allowing growers and business partners globally to benefit from extensive product and solution offerings, including digital farming services. The merged company will be called Rivulis (in alliance with Jain International), and will be led by current Rivulis CEO Richard Klapholz, with dual headquarters in Singapore and Israel.

According to a news release, the new company will lead the mass adoption of modern irrigation solutions and digital farming by growers and business partners globally through its focus on accessibility, innovation and sustainability. It will be comprised of 25 factories and 3,300 employees across six continents and 35 countries

“We anticipate that the merger with Rivulis will create a world leading player ideally placed to serve its global customer base thanks to its geographic footprint, breadth of offering as well as from technological depth and expertise in micro irrigation,” said Anil Jain, managing director of Jain Irrigation in a news release. “The combined entity will have a truly global presence in all relevant irrigation markets, enabling strategic growth and innovation that will further Jain Irrigation's broad vision of reaching more small and large growers by creating shared value."

Richard Klapholz, Rivulis CEO, said that Rivulis, before the merger, represented the combination of four companies, and through this merger, several more companies from Jain Irrigation's portfolio will be added, “cementing our role as a market consolidator and leader across the globe and creating a single company with a much stronger financial foundation.”

While benefitting from significant operational economies of scale and a dedicated, diverse employee base, “we will ensure that all commitments to our grower community and to our combined business partners are maintained and further strengthened,” added Klapholz. “Our goal is to ensure that all our customers will continue to be successful and benefit from a broader offering, leading industry brands, expanded manufacturing base and the support of leading irrigation services businesses.”

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