ITT Inc bought Habonim, a valve manufacturer based in Kfar HaNassi, Israel, in an all-cash deal valued at US$140 million. Habonim becomes part of ITT's Industrial Process segment.

Israeli kibbutz-based valve makers Dorot Command & Control and ARI Fluid Transmission completed a merger estimated at $100 million. MAT Holding will hold 51% of the merged company and Kfar Haruv 49%.

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.

SAMSON Aktiengesellschaft acquired Israeli start-up Visual Process Ltd, adding the predictive monitoring tool SAM GUARD to its SAM DIGITAL portfolio; the transaction value is confidential.

Schlumberger was awarded a contract by Noble Energy to supply a measurement and control system, including valves and custody transfer meters, for the Leviathan project offshore Israel. The first phase of the development is expected to cost about $3.75 billion.

MAT Holding will invest 3 million euros in its Israeli subsidiary Dorot to raise production capacity by 30%, modernising the plant, expanding finished-goods storage by over 50% and upgrading the test bench.