# Rivulis and Eurodrip merge to create global micro irrigation leader

Rivulis Irrigation and Eurodrip entered into a definitive merger agreement in an all-share transaction, creating a global leader in micro irrigation. FIMI will maintain a majority stake.

- Type: Acquisition
- Announced: 2017-02-27
- Status: announced
- Products: micro irrigation systems
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Rivulis Irrigation](https://endata.com/companies/21420.md)
- [Eurodrip](https://endata.com/companies/21421.md) (target)
- [FIMI Opportunity Funds](https://endata.com/companies/22471.md) (investor)
- [Paine & Partners](https://endata.com/companies/22472.md) (investor)
- [Dhanna Engineering](https://endata.com/companies/22473.md) (investor)

## Sources

- [irrigazette.com](https://www.irrigazette.com/en/newsbrief/rivulis-and-eurodrip-announce-merger-create-world-leader-micro-irrigation-0), 2017-02-27: "Rivulis Irrigation Ltd. of Israel and Eurodrip S.A. of Greece announced that the two companies have entered into a definitive merger agreement in an all-share transaction."

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