Rivulis Irrigation Buys Greece’s Eurodrip
January 11, 2017 | Israeli drip irrigation manufacturer Rivulis Irrigation announced today that it has acquired Greek irrigation company Eurodrip, the world’s fourth largest irrigation equipment company. The acquisition will make Rivulis into the world’s second largest irrigation company outside of India. No financial details about the detail were disclosed although the announcement did say that it was an all-share deal. Israeli private equity firm FIMI Opportunity Funds (FIMI), controlled by Ishay Davidi, will remain the controlling shareholder in Rivulis after completion of the deal. Based at Kibbutz Gvat near Afula in the Jezreel Valley, Rivulis was formerly Plastro and then the water division of John Deere, before it was acquired by FIMI.