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.