6/23/2022

Temasek’s Rivulis Merges with Jain Irrigation

​Israel-based Rivulis, a global drip irrigation system giant and a 100 percent subsidiary of Singapore's global investment company Temasek, is due to merge with India-based Jain Irrigation making Temasek the main shareholder of the merger with a 78 percent stake.

“We are thrilled to have both companies join forces to better serve the growing needs of irrigation markets around the world," Richard Klapholz, Rivulis CEO, commented. “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. 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," Klapholz added.

Anil Jain, Managing Director of Jain Irrigation, said, “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. This will enable us all to address climate change and food security challenges with sustainable solutions and implement the critical knowledge transfer for water efficiency and productivity for growers. 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."

Both Rivulis and Jain operate in Türkiye with their factories in Burdur and Adana provinces respectively.

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Merger; Temasek; Jain Irrigation; Rivulis; drip irrigation systems