Rivulis acquisition
Our valued client Rivulis has been acquired by
Singapore-based Temasek for nearly half a billion dollars.
Temasek, a global investment company headquartered in Singapore, has signed an agreement to acquire a majority stake in Rivulis.
On September 15, 2020, at Kibbutz Gvat, an agreement was signed to acquire a stake in Rivulis.
Completion of the acquisition is subject to all required government approvals and is expected to take place in the fourth quarter of 2020.
Read the article in TheMarker >
Temasek
Temasek is a global investment company founded in 1974 and headquartered in Singapore. As of March 31, 2020, it owned a portfolio worth S$306 billion (US$214 billion).
Its global portfolio spans a wide range of industries: financial services; telecommunications, media and technology; consumer and real estate; transportation; life sciences; and agribusiness.
Why Rivulis?
The decision was based on Rivulis’s water-saving technologies, which support environmental sustainability while addressing global food and water security challenges. As we all know, low-volume irrigation is an innovative technology that offers the only practical solution for meeting these challenges. Temasek identifies with our Grow Beyond slogan, which sums up our commitment that “we make low-volume irrigation accessible,” backed by our ongoing innovation and operational reach: “we focus on field-proven innovation,” and our culture ensures that “we nurture long-term partnerships.”
Although Rivulis is set to become a core part of Temasek’s agribusiness portfolio, it will remain an independent company headquartered in Israel. The management team you have known over the six years since Rivulis was founded will continue to lead the company in this new chapter.
