Tel Aviv, June 10th, 2007. Delek Group (TASE: DLEKG) the Company is announcing that IDE Technologies Ltd. (here in after ‘IDE’) signed an agreement on June 8th 2007, to establish a sea water desalination plant in China, for a local energy company. Size of the transaction is approximately $119 million.
IDE is held 50% by the Delek Group.
About IDE Technologies Ltd.
IDE Technologies Ltd. is a pioneer and leader in delivering sophisticated water solutions. IDE develops, designs, installs and maintains environmentally-friendly and economical plants for saline water desalination, industrial streams purification and effluent concentration. IDE’s product line also includes a range of heat pumps and ice machines.
Since its inception in 1965, IDE has installed over 360 plants of various technologies and capacities in approximately 40 countries.
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