Amiad Filtration Systems, a supplier of automated water filters and filtration systems for the industrial, municipal and irrigation markets, completed its acquisition of Arkal Filtration Systems from its existing shareholders, Kibbutz Beit Zera, including its affiliated corporations (Beit Zera) and Bermad Industries.
The agreement was finalized following bank approval and was satisfied (as previously stated) for $10 million in cash and the issue of new ordinary shares of 0.5 NIS, equal to 14.5 percent of Amiad’s issued share capital (on a fully diluted basis).
Amiad expects the addition of Arkal’s product range and sales and marketing infrastructure will considerably strengthen its global market share in the irrigation, industrial and municipal water filtration industries, as well as expand its reach into new strategic markets.
