# Mexichem to buy 80% of Israel's Netafim for $1.5 billion

Mexichem agreed to buy 80% of drip irrigation maker Netafim for $1.5 billion, valuing the company at $1.9 billion, with Permira selling its 61.3% stake and Kibbutz Hatzerim and Kibbutz Magal also selling shares.

- Type: Acquisition
- Announced: 2017-08-07
- Where: Israel
- Value: $1.50B
- Status: announced
- Products: drip irrigation systems

## Companies

- [Permira](https://endata.com/companies/1299.md) (partner)
- [Mexichem](https://endata.com/companies/1886.md) (acquirer)
- [Netafim](https://endata.com/companies/1887.md) (target)

## Sources

- [haaretz.com](https://www.haaretz.com/israel-news/2017-08-07/ty-article/israeli-icon-sold-mexican-firm-buys-netafim-for-1-5-billion/0000017f-e680-df2c-a1ff-fed195810000), 2017-08-07: "Altogether Mexichem is buying 80% of Netafim, the world's biggest manufacturer of drip irrigation systems, for $1.5 billion, a deal that values the company at $1.9 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.