netafim logoAugust 7, 2017| Mexican chemicals company Mexichem is acquiring 80 percent of Israel’s Netafim for $1.5 billion, which puts Netafim’s valuation at $1.9 billion. Netafim is a world leader in drip irrigation technologies for agriculture. Its technique – which saves 30-70 percent of the water used with overhead sprays, oscillating sprinklers and rotors – was developed in Israel in the 1960s.