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
The merger of the three water companies under one company

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 new company, Aquestia, owned by MAT Holdings (51%) and Kibbutz Kfar Haruv (49%), is managed by Guy Sagie, who in his last positions served as Netafim's VP of Operations and as CEO of IDE Technologies.

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 has a strong international presence, with 11 subsidiaries and business units in the United States, Spain, Italy, Germany, China, South Africa, France, Brazil, Argentina, Mexico and India, and its products will be marketed in around 140 countries. The company employs approximately 600 people at three sites: one in Kibbutz Kfar Haruv in the north of Israel, one in Kibbutz Dorot in the south of Israel, and one in Tulsa, Oklahoma, USA.

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.
"We intend to leverage this merger to expand into additional territories, such as the Persian Gulf, and Southeast Asia. In addition, and like many other fields in the industry, we are investing our efforts in providing solutions that combine IoT technologies with AI to meet our customers' needs, whether in smart solutions for flooding, as our country experiences every year, whether in energy savings in pumping systems, or whether in early and rapid detection of faults in water and other fluid transmission lines."

 

Information about the merged companies
A.R.I.- A.R.I. Flow Control Accessories Ltd., owned by Kibbutz Kfar Haruv, is one of the leading companies in Israel and in the world in the field of development, production and distribution of liquid transport accessories. The company, founded in 1970, offers advanced solutions for the protection and control of water and wastewater flow lines, and develops products intended for use in the fields of water supply for urban systems, agriculture and gardening, as well as valves adapted to sewerage systems, water desalination, industry and mines. In addition, the company provides professional consulting to its customers at factory and installation sites. A.R.I. has seven subsidiaries around the world.

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.

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