Desalination firm IDE Technologies rumoured to be up for sale

Nov. 13, 2014
Israeli desalination company IDE Technologies is reportedly being put up for sale by owners ICL Group and Delek Group and could fetch up to $1 billion, local sources have claimed...

Israeli desalination company IDE Technologies is reportedly being put up for sale by owners ICL Group and Delek Group and could fetch up to $1 billion, local sources have claimed.

The joint decision to sell the company was made following a board meeting in Spain on Tuesday, according to local sources, with estimates suggesting the price could be in the region of between $500 million and $1 billion.

Israel news source Haaretz reported that by selling IDE to a foreign buyer, it would open up the Arab world as a potential market, if it sold off its Israeli desalination plants.

The news follows IDE Technologies having to make redundancies at its HQ in Israel following completion of its Ashkelon, Hadera and Soreq (see WWi article) projects in the country, in a bid to refocus internationally.

Meanwhile Israeli financial daily Globes quoted sources saying that the decision to sell off IDE Technologies is a “theoretical one”, “does not indicate that there are negotiations underway at present” and that “when a buyer should arrive, the company will begin negotiating terms”.

IDE Technologies told WWi magazine that currently it’s unable to comment on the matter.

The reported decision would fall in line with owning company ICL’s plan to consolidate its businesses as part of its “Next Step Forward” strategy, and refocusing operations on agricultural, food and engineered materials.

Last month ICL agreed to sell off its German water-treatment business – APW – to Japanese water company Kurita Water Industries for 250 million euros.

In a bid to expand into the Canadian water treatment and oil sands market, the company recently announced that it would be partnering with Fair Canada Engineering (see article).

IDE Technologies will be supplying equipment and providing operation and maintenance over 30 years to the Carlsbad Desalination project in California – a breakthrough for the US desalination industry which will eventually process over 200,000 m3/day.

###

Read/Watch more

Soreq Stands Tall: SWRO Membranes Go Vertical in Israel After passing its performance testing, Israel's new Sorek large-scale desalination plant is now operational. For the first time globally, the plant features 16" SWRO membranes in a vertical arrangement. The article looks at claims that "going vertical" can reduce a plant footprint and CAPEX costs…

Leading Israel’s Global Desalination Company From its Ashkelon project in Israel, IDE Technologies has come a long way to win the Carlsbad desalination technology supply contract in California. Tom Freyberg catches up with the man behind the company's quite phenomenal growth – CEO and president Avshalom Felber – to find out what the secret is…

VIDEO INTERVIEW: Ron Yachini talks about Sorek SWRO desalination plant using vertical 16” membranes…

VIDEO CASE STUDY: Tianjin Desalination plant Chinese company SDIC needed a water supply that used excess steam from power production. IDE Technologies came up with a solution…

About the Author

Tom Freyberg

Tom Freyberg is an experienced environmental journalist, having worked across a variety of business-to-business titles. Since joining Pennwell in 2010, he has been influential in developing international partnerships for the water brand and has overseen digital developments, including 360 degree video case studies. He has interviewed high level figures, including NYSE CEO’s and Environmental Ministers. A known figure in the global water industry, Tom has chaired and spoken at conferences around the world, from Helsinki, to London and Singapore. An English graduate from Exeter University, Tom completed his PMA journalism training in London.

Sponsored Recommendations

WIN-911 Alarm Notification Software Enables Faster Response

March 15, 2024
Alarm notification software enables faster response for customers, keeping production on track

Automated Fresh Water Treatment

March 15, 2024
SCADA, Automation and Control for Efficient and Compliant Operations

Digital Transformation Enables Smart Water

March 15, 2024
During this webinar we will discuss factors driving the transformation to digital water, water industry trends, followed by a summary of solutions (products & services) available...

Smart Water Solutions: Transforming the Water Universe

March 15, 2024
Water is our most valuable resource, and efficient and effective water and wastewater handling is crucial for municipalities. As industry experts, you face a number of challenges...