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Thursday / March 28. 2024
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The merged company will be called Rivulis (In alliance with Jain International), and will be led by current Rivulis CEO Richard Klapholz, with dual headquarters in Singapore and Israel

Rivulis Pte. Ltd. and Jain Irrigation Systems Limited had announced that they have entered into definitive transaction agreements pursuant to which Rivulis will acquire multiple overseas subsidiaries which consist of the International Irrigation Business (“IIB”) of Jain Irrigation. The transaction consideration is a combination of cash and stock. Jain Irrigation will receive stock comprising 22 per cent interest in Rivulis, the holding company of the enlarged group (the “Company”), and cash for the financing of debt issuances of the IIB and of bonds issued by Jain International Trading B.V. (the “Transaction”), to create a climate and irrigation leader globally. Temasek, a global investment company headquartered in Singapore, will become the majority shareholder of the Company with a 78 per cent stake. The transaction is subject to required regulatory approvals and other customary closing conditions.

The Company will lead the mass adoption of modern irrigation solutions and digital farming by growers and business partners globally through its focus on accessibility, innovation, and sustainability.

The Company will be dual headquartered in Singapore and Israel and will continue to be named Rivulis Pte. Ltd. For the purposes of corporate branding, the company will be represented as “Rivulis (In alliance with Jain International)”. Richard Klapholz, the current Rivulis CEO, will continue to lead the Company. Top senior associates from the IIB are expected to continue in leadership roles across the Company. Jain Irrigation will also be a supplier of irrigation products made in India to the Company for its international markets outside of India.

Anil Jain, Managing Director of Jain Irrigation, commented, “ 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.”

Richard Klapholz, Rivulis CEO, added: “We are thrilled to have both companies join forces to better serve the growing needs of irrigation markets around the world. 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. Rivulis, before the merger, represented the combination of four companies, and through this merger, several more companies from Jain Irrigation’s portfolio will be added, cementing our role as a market consolidator and leader across the globe and creating a single company with a much stronger financial foundation.”

The merged company will be called Rivulis

The tie-up will help bolster India’s agri-output with the power of micro-irrigation

AgriBazaar signed a Memorandum of Understanding (MoU) with Rivulis, a global leader in micro-irrigation products and solutions. As part of the collaboration, agribazaar will enable the farmers on its platform to deploy Rivulis’ best-in-class field irrigation management products and solutions to increase their lands’ yield output effectively.

In the first phase of the partnership, agribazaar will facilitate purchasing and installing Rivulis’ drip irrigation systems for the sugarcane farmers on its platforms. Eventually, the services will be offered to all the farmers – over 3,00,000 – currently registered on the agribazaar platform.

agribazaar will leverage agribhumi, its remote sensing engine, to determine the exact condition of the farmland and ensure the use of irrigated water in a uniform manner. It will assess the need of individual farmers based on their land topography, soil conditions, crop selection and weather forecasting. The platform will also provide in-depth field state analytics with the agriculture weather forecast, vegetation indices, and stages of plant growth, among other vital factors.

The MoU signing ceremony was attended by Kaushal Jaiswal, MD, Rivulis India, Richard Klapholz, CEO, Rivulis Israel, and Eran Ossmy, President, Drip Products Division. Amit Mundawala, Co-founder and MD and Amith Agarwal, CEO & Co-founder represented agribazaar.

The tie-up will help bolster India’s agri-output

The service is offered at no extra charge with every roll of Rivulis drip line and tape

Rivulis, a global leader in developing, manufacturing, and deploying micro-irrigation products and solutions, has launched ReelView, giving growers using Rivulis products access to an advanced set of crop monitoring tools from their mobile phone.

The service is offered at no extra charge with every roll of Rivulis drip line and tape. ReelView uses satellite imagery and advanced algorithms to enable growers to detect irrigation, fertiliser, disease, and other issues, even before they can be seen with the naked eye by looking out for changes in vegetation and plant wetness. These are represented by easy-to-use colour-coded fields maps. ReelView is powered by Manna, Rivulis’ Irrigation Intelligence service.

By monitoring vegetation variations and abnormalities, growers can identify under irrigated areas in the field that warrant further investigation. By contrast, plant wetness variability shows different moisture levels in the plants themselves, not the soil. Irrigation problems often show up first by a lack of moisture in plants so that issues can be identified early. Plant wetness variability might also indicate the over-irrigation of crops.

ReelView lets growers analyse the development of their crops throughout the season and up to three years of historic field data. It also provides hyper-local weather data specific to their fields.

ReelView is available in English, French, Spanish, Italian, Turkish, Romanian, and Russian, with more languages available soon.
By helping growers using our products better spot possible issues regarding irrigation and plant health, the free ReelView app is their crop’s eye in the sky.

The service is offered at no extra