China buys Israeli drip irrigation company for $20 million

China’s Yuanda Enterprise Group announced last week that it had bought the Israeli company AutoAgronome Israel Ltd for $20 million in order to expand its business to high-tech agriculture. The Israeli company produces smart irrigation and fertilization systems that are successfully used with 70 different types of crops, including potatoes, in 13 countries including the United Kingdom. “The movement to new[Read More...]