# Tene Investment Funds to buy 74% stake in Habonim Industrial Valves & Actuators

Tene Investment Funds is reportedly acquiring a 74% stake in Habonim Industrial Valves & Actuators for NIS 100 million (about $28.3 million), based on a company valuation of NIS 130 million. The deal is reportedly nearing closure, according to an anonymous source.

- Type: Acquisition
- Announced: 2019-09-16
- Where: Kfar HaNassi, Israel, Israel
- Value: $28.3M (100.0M ILS)
- Status: rumored
- Products: industrial valves, actuators
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Tene Investment Funds Ltd.](https://endata.com/companies/5549.md) (investor)
- [Habonim Industrial Valves & Actuators](https://endata.com/companies/5550.md) (target)

## Sources

- [calcalistech.com](https://www.calcalistech.com/ctech/articles/0,7340,L-3770443,00.html), 2019-09-16: "Israel-based Tene Investment Funds Ltd. will be acquiring a 74% stake in Habonim Industrial Valves & Actuators Ltd. for NIS 100 million (approximately $28.3 million)."

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