Blue I Gains New Ownership & Management
July 2015 – Blue I Water Technologies has announced that Effi Capital investment firm has acquired the company. Now holding full ownership, Effi Capital has also appointed Oren Blonder as the company’s new CEO. The acquisition brings Blue I Water Technologies unparalleled financial support and its executive management brings strong leadership and experience in the water industry.
Effi Capital has been a key shareholder in Blue I since January 2013. Since then the investment firm has been involved hands-on with the company’s strategy, development and sales. The firm has added Blue I to its portfolio alongside its investments in real estate development in Israel. “For the past two and a half years, we have worked closely with Blue I’s team and have shared the company’s exciting evolvement in an age of smart data and rapidly increasing global awareness of water quality needs,” says Effi Shakedi, CEO of Effi Capital. “We have confirmed our commitment to the company and are confident that its leadership will succeed in expanding Blue I’s global market position, particularly in the US, China and Europe, and in refining the company’s line of products to be best suited to market demand.”
Blue I’s incoming CEO, Oren Blonder, has vast experience in the water technology industry. He has held senior positions in Memtech Advanced Membrane Technologies; Whitewater Technologies; the Agriculture, Water & Environment Department at The Peres Center for Peace; and the Andreas Agricultural Development Trust. “To me Blue I has always been an icon of Israeli innovation in the water sector. It is already a widely recognized brand around the world and I am honored to continue leading this amazing company into the future,” said Blonder. “I am inspired by Effi’s vision and confident that we will steer Blue I’s technologies well into the forefront of the industry worldwide.”
Blue I will be displaying its new low-energy water quality analyzer at Watec Israel 2015. Hall 1 Booth 38.