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FIMI completes John Deere Water acquisition.
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Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
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
