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A Mexican company purchased the «Netafim», the market leader in drip irrigation

Mexican company Mexichem was victorious in the fight for a controlling stake in the Israeli company «Netafim» — the world’s largest manufacturer of equipment for drip irrigation.

For control of 80% of «Netafim» Mexichem will pay $ 1.5 billion. Thus, the total value of Israeli companies is $ 1.9 billion. Note that the value of Mexican companies on the new York stock exchange – $ 5.8 billion.

According to the newspaper The Marker, Mexichem will receive 63.1% of shares of «Netafim», acquired about six years ago, a German investment Fund Permira as well as all the shares owned by the kibbutz Magal part of the shares owned by kibbutz Hatzerim.

Kibbutz Hatzerim, in which the company was established more than half a century ago, will retain control of the remaining 20% of the shares. According to Ynet, members of the kibbutz held a few days ago unanimously voted to support the deal that brought him 241 million dollars.

«Netafim» was created in 1965 and became a pioneer on the market of drip irrigation. In the future, the company was engaged in computerization of agriculture. She has 17 companies in different countries and over 4,000 employees.

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A Mexican company purchased the «Netafim», the market leader in drip irrigation 07.08.2017

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