The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the proposed acquisition of the share capital of Jain America Holdings Inc., Naandan Jain Irrigation Ltd and Gavish Control System Ltd, by Temasek Holdings (Private) Ltd, via Rivulis PTE Ltd.
Temasek Holdings (Private) Ltd is an investment company registered under the laws of Singapore. Temasek's portfolio includes a wide range of activities such as financial services, telecommunications, media and technology, consumer products and real estate, transport and industries, life sciences and agri-food, multisectoral funds, as well as others (including credit).
Rivulis PTE Ltd is a company duly registered under the laws of Singapore, which is indirectly controlled by Temasek. Rivulis is a global provider of micro-irrigation systems, which are mainly used in the agriculture industry, as well as in the landscape, horticulture and mining industries.
The target in this transaction are the companies Jain America Holdings Inc., Naandan Jain Irrigation Ltd. and Gavish Control System Ltd. The Target is a global provider of irrigation products used in open fields, orchards and plantations, greenhouses and nurseries, as well as in residential areas and landscapes.