Netafim
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| Private | |
| Industry | Drip and Micro-irrigation Technologies |
| Founded | 1965 |
| Headquarters | hatzerim, Israel |
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Key people
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Ran Maidan ( President & CEO) |
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Number of employees
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over 4,300 |
| Website | www.netafim.com |
Netafim is an Israeli pioneer of drip and micro-irrigation products for agriculture, greenhouse, landscape and mining applications. The company's offering includes drippers, dripperlines, sprinklers and micro-emitters. Netafim also manufactures and distributes crop management technologies, including monitoring and control systems, dosing systems, and crop management software. Netafim holds an over-30% share of the global drip irrigation market, and is recognized as the world-leading provider of drippers and dripperlines. The company recorded revenues of over $822 million in 2015.
Netafim is headed by President & CEO Ran Maidan, and jointly owned by Permira funds (61%), Kibbutz Hatzerim (33%) and Kibbutz Magal (6%).
In 1973, Netafim brought in its first partner, Kibbutz Magal, based in the Sharon region, and then added a second partner, Kibbutz Yiftach, based in the Upper Galilee region, in 1978. Netafim Hatzerim, Magal and Yiftach merged to create Netafim (ACS) Ltd in 1998. In 2006, Markstone Capital Partners Group and Tene Investment Funds acquired a share of Netafim. In 2011, the European private equity fund Permira acquired a majority stake in Netafim. Today Netafim is jointly owned by Permira funds (61%), Kibbutz Hatzerim (33%), and Kibbutz Magal (6%).
Netafim produces drip irrigation systems and other water technologies intended to increase yields and improve crop production while preserving quality and quantity of water and soil fertility. The company products are designed to provide solutions in the areas of efficient irrigation, control and agronomy for a range of field crops, orchards and vineyards grown under varied topographic and climatic conditions throughout the world. At present Netafim is developing ecological solutions for producing fuel from alternative sources. Concurrently, Netafim is launching a low pressure irrigation system that offers a solution for areas where water pressure and/or electrical infrastructure do not permit using high pressure systems. This development will facilitate introduction of the drip irrigation systems into additional agricultural areas.
In 1981, the company opened NII, its first international subsidiary, in the US. Today Netafim maintains 29 subsidiaries and 16 manufacturing plants worldwide, and employs over 4,000 workers.
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Wikipedia