IDE Technologies Ltd., a leader in the global desalination technology market that is owned by two Israeli firms, is set for spinoff next year from its Israel-based corporate owners to boost the have decided to put the company on the block.
“There are only a few companies out there that have experience in the field of large desalination plants and this could make IDE very attractive to a major international infrastructure company,” says Chen Herzog, chief economist and energy and infrastructure expert in the Tel Aviv office of BDO Consulting.
In order to make IDE more attractive, its current owners are considering the sale of the company’s 50% stake in three Israeli desalination projects at Ashkelon, Hadera and Sorek, which are among the world's largest seawater reverse osmosis facilities.