Update to our announcement dated April 18, 2017. We hereby inform that Jain Irrigation Systems Limited (“JISL”) through its multi generation wholly owned subsidiary in the United States of America (“USA”) has completed acquisition of 80% stake in two of the United States’ largest micro-irrigation dealers - Agri-Valley Irrigation, LLC. (“AVI”) and Irrigation Design and Construction, LLC (“IDC”).
This promotes JISL’s USA business to become an un-paralleled leader in design, construction, service, and innovative Ag Technology providing a unique platform to help growers implement state-of-the-art irrigation technology and achieve “More Crop Per Drop™”.
Anil Jain, CEO of Jain Irrigation Systems Ltd. said, “We are delighted to inform about the completion of our investment in AVI and IDC and welcome all their associates into the JISL group. We look forward to working with all the stakeholders of AVI and IDC to deliver on the vision and high growth trajectory of their businesses and reaching out to newer horizons. The food production industry has undergone a lot of consolidation both globally and in the USA. We look at the diversification of Jain’s investment in irrigation distribution to be following a model that mirrors the industry trend”.
