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Settlements
A publicly traded Israeli company active in the fields of real estate, infrastructure development, facility management, and electro-mechanical infrastructure.
Settlement construction:
In April 2021, the company’s subsidiary Electra Elco won a tender published by Moriah Jerusalem Development Corporation to supply and construct electricity, lighting, communication, control, air conditioning, electric signage, traffic lights, water and other works In Road 60, stretching from Rosmarine Junction until Husan Junction in the occupied West Bank.
In June 2021, the subsidiary Electra TAAMAL won a tender to supply and construct a vertical electric ladder for the Katzrin Local Council in the occupied Syrian Golan.
In March 2021, the subsidiary Electra FM won a tender for the operation and maintenance of a building for the Mateh Binyamin Regional Council in the occupied West Bank.
In August 2020, the subsidiary Electra Infrastructure, won a 470 million NIS tender published by Moriah Jerusalem Development Corporation to build the major road infrastructure works and tunnels in the French Hill in occupied East Jerusalem. The project involves the construction of four tunnels extending for 3.5 kilometers, which will enable the free flow of traffic between Ramot settlement neighborhood to Pisgat Ze’ev settlement neighborhood and Ma’ale Adumim settlement. For more on this project and other infrastructure and transport projects in occupied Jerusalem, see Who Profits flash report Infrastructures of Dispossession and Control: Transport Projects in East Jerusalem.
Services to settlements:
In 2021, the company acquired 51% of the public transportation company Afikim’s shares, establishing Electra-Afikim .The company operates bus lines in service of settlements in the occupied West Bank, including Ma’ale Adumim and Givat Ze’ev, Beit Horon, Gush Etzion area, Ariel and Beitar Ilit. One of the company’s bus stops is in Ramot settlement neighborhood in occupied East Jerusalem.
Electra Afikim also operates bus lines in service of settlements in the West Bank and the Jordan Valley through its fully owned subsidiary Egged Ta’avura, including Ma’ale Adumim, Givat Ze’ev, Efrat, Kiryat Arba, Ariel, Ali, Fatsa’el, Mehola, and the settlements blocks of Gush Etzion settlements, Har Hevron settlements and Mateh Binyamin settlements.
The company is also involved in a major waste management project developed by Hagihon Company, the Jerusalem Municipality’s water and sewage corporation. The project will carry wastewater from parts of East Jerusalem and the West Bank to the Og purification plant in the Jordan Valley. The treated wastewater will be used for irrigation in agricultural settlements in the Jordan Valley. A sign listing Electra Infrastructure as the executing company for the waste collection line in the Kidron Basin was documented in the Horkanya Valley in the West Bank in March 2020.
In 2019, the subsidiary FK Electra (formerly FK Generators and Equipment) was contracted to provide maintenance services for generators in Ariel University in the settlement of Ariel in the occupied West Bank.
In 2017, Electra Elevators, a fully owned subsidiary, won a tender to supply and maintain elevators for Ariel University.
Services to the IMOD:
In 2017, Electra won a tender from the Israeli Ministry of Defense (IMOD) to build the Isreali military’s training campus, Camp Ariel Sharon (Bahadim City) in the Naqab (Negev) region for an estimated sum of NIS 330 million. The campus is a complex of military bases stretched on 250,000 square meter.
The company built a 38,000 square meter training camp and shooting range facilities in the complex, which included the construction of 11 administrative structures, 9 tactical structures, 7 shooting ranges in 4 buildings, a live shooting training building, 2 technical structures, infrastructure and development and 6 parking floors.
As of December 2021, Electra holds 14.3% in the franchise company that operates the project’s financing, planning, construction, management, and maintenance for 25 years; 30% in the contractor company, and 21.5% in the operating company.
Tel Aviv Jerusalem Fast Train:
Electra Infrastructure was contracted by Israel Railways to build tunnel 3A in section D of the Tel Aviv- Jerusalem Fast Train (A1). The A1 train route crosses the Green Line into the occupied West Bank in two areas, using occupied Palestinian land, some of it privately owned, for an Israeli transportation project aimed exclusively for Israelis. For more on the A1 train, see Who Profits flash report Crossing the Line: Tel Aviv Jerusalem Fast Train (A1).
In February 2015, Electra and Electra Infrastructure won a tender for the construction and maintenance of the track and electronic systems of the A1 train. Both companies won this 160 million EUR tender as part of the Electra Bögl Group international consortium, together with the German company Max Bögl Stiftung & Co. and Swiss company Signon Schweiz. The project includes laying 46 kilometers of track, setting up electromechanical systems that support railway operation, management and integration. The maintenance services included in the contract will be provided by the consortium for a period of 10 years.
Electra and several of its subsidiaries provide services to Israel Prison Service and to the Israeli Population and Immigration Authority. Electra Y.B., a fully owned subsidiary of Electra, is contracted by the Israeli Prisons Service (the IPS) to execute a biometric project, including maintenance, from 2016 to 2019 for NIS 1.24 million.
Previous involvements:
Electra Infrastructure built vehicle tunnels near a road next to the settlement of Nili.
Ben Hasharon, a now inactive partial subsidiary of the company (80%), has executed the planning and physical development of the expansion of the southern section of the Barkan settlement industrial zone for the Samaria Development Co. Ben Hasharon erected infrastructure, paved roads and conducted large-scale quarrying in the Barkan stone quarry.
In 2011, Electra Construction, a fully owned subsidiary of Electra, built 141 housing units in the settlement neighborhood of Har Homa (Homat Shmuel) in occupied East Jerusalem. Its main construction projects in Har Homa are Garden Har Homa and Har Homa Lichtenstein, two projects taking over 19,000 square meters of Palestinian land. Also in 2011, tThe company also built 52 housing units is the settlement of Ma’ale Adumim, taking over 7,250 square meters of Palestinian land.
In 2008, Electra Technologies, won a tender to securitize water facilities for the Mateh Binyamin settlement regional council in the West Bank. The 3 million NIS project includes fences, electronic security, CCTV, MARCH digital recording system and RISCO intrusion detection systems and command and control center.
In 2008, the company supplied generators for the Irtah checkpoint (Sha’ar Ephraim) in the occupied West Bank. It also supplied generators to the Israeli army during Israel’s 2014 military assault on Gaza.
The company also supplied and maintained generators to a waste treatment plant near the settlement of Katzrin in the occupied Syrian Golan.
Through another fully owned subsidiary, Ariel Properties, the company managed a shopping center in Ramot, a settlement neighborhood in occupied East Jerusalem.
Electra Projects (formerly Electra Katzenstein), a company subsidiary liquidated due to a merger, operated a 4,780 square meters factory in the Barkan settlement industrial zone in the occupied West Bank. The company was also chosen to install switchboards in the A1 train.
Ownership
Major shareholders include: Elco Holdings Ltd (47.90%), Migdal Insurance and Financial Holding Ltd (11.3%), Clal Insurance Enterprises Holdings Ltd (9.85%), The Phoenix Holdings Ltd (6.46%).
Chairman- Michael Zalkind
President & CEO- Itamar Deutscher
Subsidiaries
Electra Danko Ltd. (100%); Electra Elco C&S Ltd. (100%); Electra Construction Ltd. (100%); Electra Infrastructures Ltd. (555); Electra Smart Technologies Ltd. (100%); Electra Ofakim Ltd. (51%); Electra Greentech Ltd. (100%); A.L.A. Environment Industries Ltd. (50%); Electra Solel Bone- Pumped Storage Gilboa (25%); Electra Next Energy Geothermic Systems Ltd. (61%); T.E.Tech Systems (2015) Ltd. (100%); D. Saar Air Conditioning Engineering Ltd. (100%); Electra Taamal- Agri. Coop. Soc. Ltd. (75%); Electra Parking Solutions Ltd. (100%); E. Zaum Elevators Ltd. (100%); P.K. Electra Ltd. (100%); Electra FM- Construction and Systems Maintenance Ltd. (100%); Electra FM- Field Service Division Ltd. (100%); Electra security Ltd. (100%); Electra Y.B. Systems Maintenance Ltd. (100%); Michlol Solutions Ltd. (51%); Electra Tomer Ltd. (100%); Ariel Properties Ltd. (100%); Megason Electronics and Control (1978) Ltd. (60%); Electra Afikim(51%)); Electra Franchise Ltd. (100%); Electra Investments (1998) Ltd. (100%);
Subsidiaries worldwide: Electra USA Inc. (100%); Gilston Electrical Contraction Corp (51%); Hellman Electric Corp (51%); Oxford Federal LLC (75%); F.W Sims, Inc. (56%); Electech Holdings B.V (100%); OTS Omni Trading Services (100%); Etco (100%); Mec Ltd. (50%); Mec Elevators Ltd. (50%); Eletco LDA (50%); Electra M&E Polska Sp.z.o.o (80%); Electra M&E Ltd (100%); Electra M&E Engineering Systems (100%); Afcon Electra Romania SA (50%); Electra M&E Hungary (100%); Electra M&E Deutschland GmbH (80%); H+V Versorgungstech nikWolfsburg (100%); EMMSA Deutschland GmbH Wolfsburg (100%); Electra Investments Holland B.V (100%); Glotir Trading BV (100%); Nobel Sun Limited (100%); Morgal Investments LLC (100%); Electra APM Sp.z.o.o (100%); Electra Poland Project 1 Sp.z.o.o (100%); Suvorovo Properties Ltd (100%); Electra Properties Ltd (100%); SIA Unico (99%); Electra Varna Ltd (100%); Kalimancl Properties Ltd (100%); Electra East Europe B.V (100%); Electra Bulgaria Ltd (100%).
Partners
Electra Elevators is the sole Israeli representative of the US-based OTIS Elevator Company, and the Swedish Alimak. Electra Parking Solutions is the sole Israeli representative of the Korean AUTECH-OTIS. Electra Klaus Parking is the sole Israeli representative of the German Kalus Multiparking. F.K. Electra is the sole Israeli representative of FG Wilson. Electra TAAMAl is the Israeli representative of the Austrian Ganswer and Metron. Electra Smart Technologies is the sole representative of DZS- Dasan Zhone Solutions, Johnson Controls and the German Delta Controls. Electra Control and Communication is the sole Israeli representative of the Swiss R&M. Electra is the sole Israeli representative of the Italian TGT-Valvitalia and the Dutch Blygols International.
Other partners include: Sigma; Carrier (USA); Stannah (UK); CPI Chatsworth Products Inc.; Gunnebo; Pacom; Connectwell Ind (India); Ormazabal (Sapin); Kapsch; TTS Ulasim Sistemleri (Turkey); Jin Kwang (Korea); Inter Teknik (Turkey); Mitsubishi Electric Europe B.V; Pronutec Gorlan (Sapin); UTC- GE Security (IFS); Park Eyes (Sapin); UTC- (GE Security ETS); UTC- GE security (Aritech); UTC- United Technologies; Smartgreen; TYCO- Fire Protection Products; Maschinenfabtik Reinhausen (Germany); Sicame (France); Maclean Power Systems (USA); Prysmian Group (Turkey); Cooper Power Systems (USA).
All the information contained in this page is valid until Sun 17/04/2022
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