Temasek signs agreement to acquire a majority stake in Rivulis

15.09.2020

Singapore-based Temasek has signed an agreement to acquire a majority stake in Israeli micro irrigation company Rivulis. The completion of the acquisition is subject to all government authorizations and is expected to occur during the fourth quarter of 2020.

Incorporated in 1974, Temasek is an investment company with a net portfolio value of S$306 billion (US$214 billion) as at 31 March 2020. Headquartered in Singapore, Temasek has a global portfolio and offices in eight countries.

Established in 1966, Rivulis is headquartered in Israel and has 16 manufacturing and distribution facilities, 2,000 employees, three R&D centres (Israel, California, and Greece) and multiple design centres around the globe. Product brands include T-Tape, Ro-Drip, D5000 PC, Supertif and Eurodrip Eolos and Eolos Compact.

“We are thrilled to welcome Temasek to our register as our largest shareholder,” said Richard Klapholz, Rivulis CEO. “They are a forward-looking, generational investor focused on investments addressing global sustainability challenges. As we all know, micro irrigation is a transformative technology, which offers the only viable solution to water scarcity and to the resulting global food constraints. Temasek’s investment in Rivulis should be welcomed by our employees, our business partners and the growers, who are our customers.”


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