Precision Ag News

Acquisition allows Netafim Italia to consolidate its position as a leader in precision irrigation by extending its range of advanced irrigation services for Italian farmers.

Rapallo, Italy – November 15, 2024 – Netafim Italia, a subsidiary of Netafim, Orbia’s Precision Agriculture business group, announced the acquisition of all shares (100%) of Tecnir S.r.l., a Faenza-based leader in irrigation system design and installation. Netafim, the global leader in precision agriculture, provides tailored irrigation solutions to millions of farmers across 110 countries to help them ‘grow more with less’™.

Netafim Italia’s acquisition of Tecnir reinforces its leadership in precision irrigation, providing advanced and tailored solutions for Italian farmers. Tecnir’s expertise enhances Netafim Italia’s offerings, focusing on innovative and sustainable irrigation systems that cater to the unique needs of Italian agribusiness.

Stefano Ballerini, Netafim Italia Managing Director said, “We’re excited to support Tecnir’s growth and build on the valuable work started by the Ricci family. Joining forces with Tecnir through this acquisition aligns perfectly with our market strategy, highlighting the essential role dealers play as strategic partners in meeting the needs of Italian farmers and Green Economy professionals. Looking ahead, we see a future full of opportunities. Together with Tecnir, we will be positioned alongside the key players in Italian agribusiness, ready to tackle market challenges with a commitment to more efficient and sustainable water use.”

Angelo Ricci, Business Manager at Tecnir shared, “Our ten-year partnership with Netafim Italia has enabled us to design and execute irrigation systems in Emilia-Romagna and surrounding areas. By joining our structure and installation know-how with Netafim’s brand and organization we aim to become the go-to company for innovative irrigation projects. Our long-standing customers can count on the continued quality of Tecnir's supplies and services, as we remain as determined as ever in our operations.”

About Orbia
Orbia Advance Corporation (BMV: ORBIA*) is a global leader focused on advancing life through innovative solutions in sectors like Polymer Solutions, Building & Infrastructure, Precision Agriculture, Connectivity, and Fluor & Energy Materials. With over 24,000 employees and operations in 50+ countries, Orbia generated $8.2 billion in revenue in 2023.

About Orbia Precision Agriculture (Netafim)
Netafim, Orbia’s Precision Agriculture business, is the world’s largest irrigation company and a pioneer in precision irrigation. Founded in 1965, Netafim specializes in sustainable, end-to-end solutions, including drip irrigation, digital farming, and fertigation systems. Operating in over 100 countries with 33 subsidiaries and 19 plants, Netafim empowers farmers worldwide to grow more with less™.

Credits/ Source:https://www.netafim.com/