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Siemens to invest in Israeli water solutions

Siemens is examining possible investments in Israeli water technologies. Siemens, which is trying to position itself as the world’s top water technology company, has decided to cooperate with Mekorot National Water Company in developing water technologies and selling them to countries around the world.

USFilter CEO and Siemens Water Technology head Dr. Roger Radke reached an agreement to this effect on Friday with Mekorot chairman Baruch (Booky) Oren and CEO Ronen Wolfman. Siemens Israel managing director Oren Ahronson said this was only a first step for Siemens, and that the company saw itself as a strategic partner with Israel in the development of water solutions.

Siemens has $2 billion in water solutions sales a year. The company operates in 120 countries, and the company’s chiefs have set a target to double sales within three years.

Siemens’ representatives met Acting Prime Minister Ehud Olmert and other top officials, and visited water installations of Mekorot and other entities that provide a broad range of solutions. At the end of the visit, the guests said they wanted to form a strategic cooperation with Israel’s water technology industry, including with Mekorot, academic institutions, technology incubators, and start-ups. A special local team will immediately be set up to seize opportunities.

Published by Globes [online], Israel business news - www.globes.co.il - on February 6, 2006