Temasek to acquire a majority stake in Rivulis for $365m.

Temasek agreed to acquire a majority stake in Rivulis, a provider of smart micro and drip irrigation solutions, for $365m. “We are thrilled to welcome Temasek to our register as our largest shareholder. They are a forward-looking, generational investor focused on investments addressing global sustainability challenges. As we all know, micro irrigation is a transformative technology, which offers the only viable solution to water scarcity and to the resulting global food constraints. Temasek’s investment in Rivulis should be welcomed by our employees, our business partners and the growers, who are our customers,” Richard Klapholz, Rivulis CEO.