Company:IDE Technologies

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Short description: Israeli company
IDE Technologies
Industrywater desalination
Founded1965; 59 years ago (1965)
HeadquartersHamatechet Street, Hasharon Industrial Park, Kadima, Israel
Key people
Asaf Bartfeld (Chairman)
Avshalom Felber (CEO & President)
OwnerAlpha Partners, Delek
Websiteide-tech.com

IDE Technologies is an Israeli water desalination company.[1]

History

The company was founded in 1965[2] by Ukrainian-born engineer Alexander Zarchin.[3] It is headquartered in the Hasharon Industrial Park in Kadima, Israel.[1] Its chairman is Asaf Bartfeld,[2] while its chief executive officer and president is Avshalom Felber.[1]

In Israel, it has built desalination plants in Hadera, Ashkelon and Soreq.[4][5]

In 2013, it agreed to design the Carlsbad desalination plant in Carlsbad, California.[6] It was expected to be completed by 2016,[7] however, due to the continuing drought in California, plant completion was advanced to late 2015, and was eventually finished in December, 2015.[8] Other projects under construction include plants in India,[9] Chile, Venezuela and Mexico.[10]

Ownership

IDE is jointly owned by Alfa Partners, a private strategic water fund controlled by Avshalom Felber, IDE Executive Chairman, and Amir Lang, former EVP of the Delek Group.[11]

References