RussKap Water, the world leader in Atmospheric Water Generation (AWG) technology on 15 August, announced its strategic acquisition of Envonics, a leading provider of precision agriculture solutions
With this acquisition, RussKap Water plans to expand its market base, providing clients with advanced water solutions for controlled environment agriculture. Envonics on the other hand will dramatically accelerate its growth trajectory and improve its product offering with new capabilities while continuing to deliver on its commitment to small and enterprise farms. The combined efforts of both companies will lead to the development of innovative solutions that will optimise water usage, increase crop yield, and reduce environmental impact.
"Our mission has always been to enable farmers to maximise the quality, sustainability, and efficiency of their agricultural operations, and we are delighted to join forces with the team at RussKap Water, who share that passion. This deal will enable Envonics to leverage RussKap Water's scale and expertise to further develop our technology and deliver value to our clients at a faster pace. We look forward to continuing our advancements in data-driven agricultural solutions and are ready to hit the ground running," said Lior Barhai, co-founder and CEO at Envonics.
This collaboration will greatly contribute to achieveing global goals of improving food security, water access and sustainability, thereby ensuring more efficient agricultural solutions for future generations.
For more information, visit: www.russkapwater.com and www.envonics.com
