Israeli Water Treatment Company Emefcy Begins Trading on the Australian Stock Exchange
December 30, 2015 | Israeli sewage treatment company Emefcy has listed on the Australian Securities Exchange (ASX). The Caesarea-based company was merged last week into Savcor, an Australian stock exchange shell, and will become a public company with a market cap of AUD$ 35 million (US$ 25 million). This follows the deal agreed several months ago when Savcor acquired 100 percent of Emefcy in a share swap that included a AUD$ 13.8 million financing round last week. After the deal was completed, the Australian company changed its name to Emefcy. Founded in 2008 by CEO Eytan Levy and CTO Ronen Shechter, Emefcy has already raised US$ 15 million, including investment from Israel Cleantech Ventures, Plan B Ventures, and GE Ventures, all of which are still company shareholders after the current merger.