Aquestia News
3 articles
growth-positive
הושלמה עסקת 100 מיליון דולר בקיבוצים: "מייעלים את אספקת המים"
A merger between two water control system manufacturers in kibbutzim, with a third company, has successfully concluded. The newly formed company, Aquestia, aims to target new audiences in the Persian Gulf and Southeast Asia. The merger, valued at approximately $100 million, also includes the acquisition of OCV, a US-based company specializing in hydraulic control systems. Aquestia, owned by Mat holding (51%) and Kfar Haruv kibbutz (49%), will operate in various sectors, including water management, agriculture, industrial applications, and more. The company plans to become a leading global player in fluid control and management systems.
PartnersAcquisition
growth-positive
Introducing the New Face of the Company - Aquestia - OCV
Valve manufacturers A.R.I. and Dorot have completed their merger under a new company called Aquestia. The merger, valued at approximately $100 million, also includes OCV, which was acquired by MAT Holdings in 2018. Aquestia is now a world leader in the production of products and solutions for water and fluid transmission systems. The company has a strong international presence and employs around 600 people across multiple locations. Aquestia aims to expand into additional territories and provide solutions that combine IoT technologies with AI. The new company is committed to uncompromising quality and protection of the environment.
AcquisitionPartners
growth-positive
https://www.archyde.com/mat-holding-reinforces-its-water-division-with-the-purchase-of-the-israeli-ari/
MAT Holding has closed the acquisition of a majority stake in Israeli company ARI Optimal Flow Solutions, integrating its activity with subsidiary Dorot Control Valves. The joint valuation of the operation is over $100 million. This is MAT Holdings third acquisition in the fluid control and conduction sector, consolidating its position as a global benchmark. The new merged company, Dorot-ARI, has 570 employees and operates in micro irrigation industries, public hydraulic infrastructure, industrial fire protection networks, and other industrial applications. Dorot-ARI will become the main innovation center for MAT Holdings water-related businesses. MAT Holdings companies in the water field will exceed $200 million in turnover in 2020.
Acquisition
