The merger of the three water companies under one company
|Aquestia a world leader in the production of products and solutions for the protection of water and fluid transmission systems|
|August 2, 2021|
One year after the announcement of the merger between the two Kibbutz-based valve manufacturers - A.R.I., owned by Kibbutz Kfar Haruv in the Golan Heights, and Dorot, of Kibbutz Dorot in the Negev, owned by the Spanish MAT Holdings Group - the companies announce the completion of the process under a new company, called Aquestia
Launched a year ago, the merger deal between the two, worth about $100 million (in a stock exchange configuration), also includes OCV, which operates in Oklahoma, USA, and specializes in the production and distribution of automatic hydraulic control valves and was acquired by MAT Holdings in 2018.
The merger of the three companies under one company makes Aquestia a world leader in the production of products and solutions for the protection of water and fluid transmission systems, operating in a large number of segments including: waterworks distribution systems; agriculture, gardening and landscape; wastewater transmission systems; industrial applications in mining, ballast water and desalination; fire protection; aviation fueling; commercial plumbing; water treatment and filtration; and water metering.
Aquestia (Aqua - the Latin word for water, and Quest - meaning a journey towards a higher goal), is committed to uncompromising quality and protection of the environment, and meets a variety of international standards including ISO 9001: 2015, ISO 14001: 2015 and ISO 45001: 2018. Aquestia has more than 30 registered patents to date.
Aquestia CEO, Guy Sagie says: “Our goal is to create a leading company in the global fluid transmission control and management systems market, using advanced technologies and solutions to strengthen the connection with, and create new opportunities for, our customers, both in Israel and around the world. The new, unified company provides our customers with a service that is unparalleled in the industry, combining many years of experience, an extensive and rich pool of knowledge and expertise, and a wide range of solutions and services. In our products, we implement digital solutions for water and sewage network management, which increase the efficiency of water supply, improve services, reduce costs, extend the life cycle of infrastructure and, above all, contribute to the responsible use of resources.
Information about the merged companies
Dorot-Founded in 1946, Dorot is the oldest valve factory in Israel, and deals with the production and marketing of mechanical and hydraulic valves, water meters and air valves for industry, agriculture, fire protection, and water transmission systems. The company exports products to 70 countries, and has a number of subsidiaries in Mexico, Italy, China, the United States and Australia. Dorot was acquired in 2014 by the Spanish MAT Holdings Group.
OCV- OCV, which operates in Oklahoma, USA, specializes in the manufacture and distribution of automatic hydraulic control valves for a variety of industries, and focuses on the field of liquid fuel and fire protection. In 2018, the company was acquired by the MAT Holdings Group and joined Dorot.