Eos Capital acquires a minority stake in Cherry Irrigation's Namibian business to support growth in irrigation services, enhancing food security and job creation in the region.

Information on the Target

Cherry Irrigation, founded in 1987 in South Africa, initially specialized in irrigation design, evolving over the years to encompass a comprehensive range of services including irrigation automation, design, and installation. The company is recognized for its commitment to quality and safety, holding several ISO certifications (9001, 45001, 14001, and 27001) and is a proud member of the South African Irrigation Organisation (SABI). From humble beginnings with just three employees, Cherry Irrigation has expanded significantly and now boasts over 70 permanent staff members, operating from its headquarters in Grabouw, South Africa, with additional business units in Namibia and Angola.

Industry Overview in Namibia

Namibia's agricultural sector has been increasingly focused on enhancing irrigation practices to combat the challenges posed by climate change and to improve food security. The country relies heavily on agriculture for its economic stability and employment, but only a small portion of its farmland is irrigated. The growth of irrigation systems is critical for increasing agricultural productivity and expanding the cultivation of high-value crops, which is vital for both domestic consumption and export markets.

In recent years, Namibia has seen an uptick in investments aimed at developing its agricultural infrastructure, particularly in irrigation technologies. The Government of Namibia recognizes the importance of sustainable agricultur