Published On: Thu, Feb 27th, 2014

FIMI Buys John Deere Water Business : Includes Kibbutz Gvat’s Irrigation Unit

FIMI completes John Deere Water acquisition.

John Deer Water logo

FIMI Opportunity Funds has completed the acquisition of John Deere Water for $60 million. The private equity fund said that it acquired the US company after beating 15 companies in the tender because of its experience and track record in turning companies around.

FIMI CEO Ishay Davidi said, “The acquisition is in line with FIMI’s strategy to acquire companies and establish their center of business in Israel. I am convinced that FIMI’s track record in instilling a growth strategy, operational improvements, and company recovery will help it make the necessary changes at John Deere Water.”

 

Published by Globes [online], Israel business news – www.globes-online.com

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