# Fortissimo Capital to buy 30% of IDE Technologies from Delek Group

Fortissimo Capital signed a memorandum of understanding to acquire 30% of IDE Technologies Ltd. from Delek Group, valuing IDE at $412 million. Fortissimo will pay Delek for 60% of a subsidiary holding the stake.

- Type: Acquisition
- Announced: 2018-08-21
- Where: Israel
- Status: announced
- Products: desalination plants, industrial water treatment plants
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [IDE Technologies](https://endata.com/companies/32541.md) (target)
- [Fortissimo Capital](https://endata.com/companies/33860.md) (acquirer)
- [Delek Group](https://endata.com/companies/33861.md) (partner)

## Sources

- [calcalistech.com](https://www.calcalistech.com/ctech/articles/0,7340,L-3744742,00.html), 2018-08-21: "Fortissimo will acquire the stake from Israel-based Delek Group, which owns 50% of IDE through a subsidiary."

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