FIMI Opportunity Funds

Israel-based private equity firm FIMI Opportunity Funds is acquiring defense electronics company Aitech Rugged Group Inc. for $30 million. Part of the sum will be used to buy Aitech from its current owners and the rest will be infused into the company for operational growth.

Israel-based private equity firm FIMI Opportunity Funds is acquiring defense electronics company Aitech Rugged Group Inc. for $30 million. Part of the sum will be used to buy Aitech from its current owners, a group of Netherlands-based investors, and the rest will be infused into the company to promote operational growth.

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.