Company type | Private |
---|---|
Industry | Drip and Micro-irrigation Technologies |
Founded | 1965 |
Headquarters | Israel |
Key people | Gaby Miodownik (President and CEO) |
Revenue | US$ 1.063 billion (2019) |
Number of employees | over 5,000 |
Website | www |
Netafim is a manufacturer of irrigation equipment owned by Orbia Group. The company produces drippers, dripperlines, sprinklers and micro-emitters. Netafim also manufactures and distributes crop management technologies, including monitoring and control systems, dosing systems, and crop management software, as well as a variety of services, including managed irrigation, agronomical advisory and operation and maintenance. As of 2012, Netafim was the global leader on the fast expanding market of drip- and micro-irrigation. [1] In it was the overall largest provider of drip irrigation systems, with a global market share of 30%. [2]
In 2020, Netafim held an over-30% share of the global drip irrigation market. [3] The company recorded revenues of over $1.063 billion in 2019. [4]
Netafim is headed by President & CEO Gaby Miodownik, and jointly owned by Orbia (80%) and Kibbutz Hatzerim (20%), [5] following extensive bidding by half a dozen interested parties, including U.S. industrial technologies company Fortive Corp (FTV.N), Singapore's Temasek Holdings [TEM.UL], U.S. tools maker Stanley Black & Decker (SWK.N), Chinese investment fund Primavera and Chinese pipe maker Ningxia Qinglong (002457.SZ). [6]
On August 7, 2017, Mexichem SA Orbia Group acquired Netafim from Permira Holdings Ltd. for $1.5 billion. [10] [11] [12] [13]
In 1973, Netafim brought in its first partner, Kibbutz Magal, based in the Sharon region, and then added a second partner, Kibbutz Yiftach, based in the Upper Galilee region, in 1978. Netafim Hatzerim, Magal and Yiftach merged to create Netafim (ACS) Ltd in 1998. In 2006, Markstone Capital Partners Group and Tene Investment Funds acquired a share of Netafim. In 2011, the European private equity fund Permira acquired a majority (61%) stake in Netafim, with Kibbutz Hatzerim holding 33% and Kibbutz Magal holding 6%. In 2017, these owners sold 80% of Netafim to Mexichem, with Kibbutz Hatzerim retaining 20%. [14]
Netafim produces drip irrigation systems and other water technologies intended to increase yields and improve crop production while preserving quality and quantity of water and soil fertility. The company products are designed to provide solutions in the areas of efficient irrigation, control and agronomy for a range of field crops, orchards and vineyards grown under varied topographic and climatic conditions throughout the world. At present Netafim is developing ecological solutions for producing fuel from alternative sources. Concurrently, Netafim is launching a low pressure irrigation system that offers a solution for areas where water pressure and/or electrical infrastructure do not permit using high pressure systems. This development will facilitate introduction of the drip irrigation systems into additional agricultural areas.
In 1981, the company opened NII, its first international subsidiary, in the US. Today Netafim maintains 33 subsidiaries [15] and 17 manufacturing plants worldwide, and employs over 5,000 workers. In January 2014, it was announced on Bloomberg that Netafim had won a $62 million water project contract to build an automated water pipeline network in the southern state of Karnataka, India. [16] Since then, Netafim has won additional 7 community irrigation projects in India covering in total 106,000 hectares and 97,000 farmers. [17] In March 2016, it was announced in Globes that Netafim had won a 200 million project in Ethiopia to provide an end-to-end irrigation solution for a plantation by the Ethiopian government sugar company. [18] In March 2019, Netafim won a $60 million project in Rwanda to develop an agribusiness hub. [19]
Netafim is involved in several global sustainability initiatives. The company is a member of the UN CEO Water Mandate and UN Global Compact (UNGC), and was named 2013 Stockholm Industry Water Award Laureate for its contribution to sustainable water management. According to company sources, the use of drip irrigation for rice and tomatoes cuts down on greenhouse gases and nitrous oxide associated with algae blooms. [20]
Irrigation is the practice of applying controlled amounts of water to land to help grow crops, landscape plants, and lawns. Irrigation has been a key aspect of agriculture for over 5,000 years and has been developed by many cultures around the world. Irrigation helps to grow crops, maintain landscapes, and revegetate disturbed soils in dry areas and during times of below-average rainfall. In addition to these uses, irrigation is also employed to protect crops from frost, suppress weed growth in grain fields, and prevent soil consolidation. It is also used to cool livestock, reduce dust, dispose of sewage, and support mining operations. Drainage, which involves the removal of surface and sub-surface water from a given location, is often studied in conjunction with irrigation.
Science and technology in Israel is one of the country's most developed sectors. Israel spent 4.3% of its gross domestic product (GDP) on civil research and development in 2015, the highest ratio in the world. In 2019, Israel was ranked the world's fifth most innovative country by the Bloomberg Innovation Index. It ranks thirteenth in the world for scientific output as measured by the number of scientific publications per million citizens. In 2014, Israel's share of scientific articles published worldwide (0.9%) was nine times higher than its share of the global population (0.1%).
Drip irrigation or trickle irrigation is a type of micro-irrigation system that has the potential to save water and nutrients by allowing water to drip slowly to the roots of plants, either from above the soil surface or buried below the surface. The goal is to place water directly into the root zone and minimize evaporation. Drip irrigation systems distribute water through a network of valves, pipes, tubing, and emitters. Depending on how well designed, installed, maintained, and operated it is, a drip irrigation system can be more efficient than other types of irrigation systems, such as surface irrigation or sprinkler irrigation.
Cisco Videoscape was a majority owned subsidiary of News Corp, which develops software for the pay TV industry. NDS Group was established in 1988 as an Israeli start up company. It was acquired by Cisco in 2012 before being sold back to the private equity company Permira in 2018 for US$1 billion. The company is currently headquartered in Staines, United Kingdom.
SunGard was an American multinational company based in Wayne, Pennsylvania, which provided software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company. The name of the company originally was an acronym which stood for Sun Guaranteed Access to Recovered Data, a reference to the disaster recovery business it helped pioneer. SunGard was ranked at 480th in the U.S. Fortune 500 list in the year 2012.
Hexagon AB is a multinational industrial technology company. Headquartered in Stockholm, Sweden and publicly traded on the Nasdaq Stockholm exchange, the company since 2000 has had a particular focus on measuring technology and geospatial tools and software. After its founding, between 2000 and 2022, Hexagon completed more than 170 acquisitions, and it is the parent company of Leica Geosystems and Infor EAM, among other subsidiaries. With around 24,000 employees, Hexagon's revenue in 2023 was US$5.5 billion, while assets were $18.1 billion.
ProSiebenSat.1 Media SE is a German mass media and digital company. It operates in three segments: Entertainment, Dating and Commerce & Ventures. The company is listed on the Frankfurt Stock Exchange.
Simcha Blass was a Polish-Israeli engineer and inventor who developed the modern drip irrigation system with his son Yeshayahu.
Permira is a British global investment firm specialised in buyouts, growth funds, equity funds, and credit funds. Founded in 1985 as part of Schroders, it became independent in 1996. Operating as Permira since 2001, the company became one of the largest buyout specialists. As of 2024, Permira advises funds with total committed capital of €80 billion, which have invested in more than 300 companies worldwide. The company employs over 470 people in 15 offices across Europe, North America and Asia.
Clean technology, also called cleantech or climatetech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Clean technology includes a broad range of technology related to recycling, renewable energy, information technology, green transportation, electric motors, green chemistry, lighting, grey water, and more. Environmental finance is a method by which new clean technology projects can obtain financing through the generation of carbon credits. A project that is developed with concern for climate change mitigation is also known as a carbon project.
Jain Irrigation Systems, or Jains, is an Indian multinational conglomerate based in Jalgaon. It develops, manufactures, supports and sells diversified products, including drip and sprinkler irrigation systems and its components, integrated irrigation automation systems for monitoring and control, dosing systems, PVC and PE piping systems, plastic sheets, greenhouses, bio-fertilizers, solar power, solar water heating systems, solar water pumps, turnkey biogas plants, photovoltaic systems and tissue culture plants. JISL also processes dehydrated vegetables, spices, concentrated & frozen fruits or pulp. It also provides turnkey projects and agronomical support services.
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech, and as of Q2 2024 it offers its solutions in two primary segments: Banking Solutions & Capital Market Solutions. Annually, FIS facilitates the movement of roughly $9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
Rivulis is a global manufacturer and provider of complete micro and drip irrigation systems and solutions for seasonal horticulture, orchards, vineyards, row crops, SDI and greenhouse, soilless, hydroponic applications. Founded in 1966 as Plastro Irrigation Systems Ltd, Rivulis is headquartered in Kibbutz Gvat, Jezreel Valley, Israel. The company represents an integration of four industry pioneers and veterans: Plastro, T-Systems, Roberts Irrigation, and Eurodrip. It has 3,300 business partners worldwide, and a wholesale retail and vast dealer network in over 120 countries. The company operates 16 factories worldwide and has 2,000 employees. Rivulis has multiple global design centers and 3 R&D centers in agricultural hotspots of Israel, California, and Greece.
Hatzerim is a kibbutz located 8 kilometers west of Beersheba in the Negev desert in Israel. It is named after the Bible, mentioning a site nearby: "the Avvites who lived in farmyards as far as Gaza". It belongs to the Bnei Shimon Regional Council. In 2022 it had a population of 864.
Agriculture in Israel is a highly developed industry. Israel is an exporter of fresh produce and a leader in agricultural technologies. The southern one-half of Israel is desert and irrigation is required for growing crops. The northern one-half is more conducive to rain-fed agriculture. According to the World Bank, 29.7 percent of Israel is agricultural land. The shortage of water is a constraint. In 2008, agriculture represented 2.5% of total GDP and 3.6% of exports. Israel is not self-sufficient in growing food. In 2021, Israel's agricultural imports totaled 8,791 million and agricultural exports totaled 2,445 million dollars. Grains, oilseeds, meat, coffee, cocoa, and sugar were among the imports.
PAI Partners is a French private equity firm based in Paris. It is one of the oldest firms in the sector, with its origins dating back to Paribas Affaires Industrielles, historically the principal investment arm of Paribas, which started operations in 1872.
Gvat is a kibbutz in northern Israel. Located near Migdal HaEmek in the Jezreel Valley, it falls under the jurisdiction of Jezreel Valley Regional Council. In 2022 it had a population of 965. The kibbutz founded the Plastro company, one of the world's largest drip irrigation systems manufacturers.
Orbia is a company providing specialty products and methodologies in the agriculture, building and infrastructure, fluorinated solutions, polymer solutions, and data communications sectors. It was founded in 1953 and has headquarters in Mexico City.
Informatica Inc. is an American software development company founded in 1993. It is headquartered in Redwood City, California. Its core products include enterprise cloud data management and data integration. It was co-founded by Gaurav Dhillon and Diaz Nesamoney. Amit Walia is the company's CEO.
{{cite web}}
: |author=
has generic name (help)