# IDE Technologies acquires remaining 49% stake in Sorek desalination plant

IDE Technologies acquired the remaining 49 percent holdings in the Sorek desalination plant from Hutchison Water for NIS195 million (US$54.3 million), becoming the sole owner.

- Type: Acquisition
- Announced: 2018-06-13
- Where: Sorek, Israel, Israel
- Value: $54.3M (195.0M ILS)
- Status: completed
- Products: seawater reverse osmosis desalination
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [IDE Technologies](https://endata.com/companies/32541.md) (acquirer)
- [Hutchison Water](https://endata.com/companies/32542.md) (target)

## Sources

- [waterworld.com](https://www.waterworld.com/home/article/16203348/ide-technologies-takes-full-ownership-of-sorek-desalination-plant), 2018-06-13: "IDE Technologies has become the sole owner of the Sorek desalination plant after acquiring the remaining 49 percent holdings from partner company Hutchison Water."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.