Financial

Israeli Tambour Bought the Italian Paint Company Colorficio Zetagi ifor 7M Euros
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by Ifi Reporter

Category: Financial

Tambour bought the Italian paint company “Colorficio Zetagi” that specializes in producing paints for industry, founded in 1957. Constant features in its history include a strong inclination towards innovation, reliability of their solutions, great production flexibility coupled with a fast delivery service; factors that led the brand to reach prestigious and challenging objectives. Tambour bought Zetagi from a Swiss investment fund in ~7M Euros, and this is the first acquisition of Tambour outside of Israel.

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Jan 6, 2019

IVC Research: the volume of capital raised in Israel in 2018: $ 6.5 billion, an increase of 17%
779 Views Details

by Ifi Reporter

Category: Financial

The volume of capital raised in Israel in 2018 was $ 6.5 billion, an increase of 17% compared to 2017, according to the annual report issued by IVC Research, in cooperation with the law firm Zisman Aharoni Gayer & Co. The rate of growth in 2018 was higher than that Which was recorded in 2017 and 2016. Not all of the money necessarily flows into the bank accounts of the funds, but rather is used to purchase shares of existing shareholders and of veteran employees. For example, the report mentions that Citrix raised $ 60 million, but $ 45 million was used to buy existing shares

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Jan 9, 2019

 Finance Ministry: the budget pit is expected to double in 2020 to NIS 17.4 billion
817 Views Details

by Ifi Reporter

Category: Financial

The budget pit, which will reach NIS 8 billion this year, is expected to double in 2020 to NIS 17.4 billion. The Finance Ministry updated cabinet ministers on the alarming figures ahead of Sunday's cabinet meeting to discuss the severe budget deviation and steps to reduce it. The government will be asked to authorize the Treasury to take the first immediate step to deal with the huge deficit expected in 2019

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Jan 12, 2019

Aeronautics is sold to Rafael and businessman Avihai Stolero for NIS 850 million
4454 Views Details

by Ifi Reporter

Category: Financial

Aeronautics iwhich produces unmanned planess is sold to Rafael and businessman Avihai Stolero for NIS 850 million. This is a 70% premium on the company's current value on the stock exchange. Rafael and Stolero were granted exclusivity for six weeks until the transaction was approved at the general meeting of the Company. The three funds holding Aeronautics: Violeta, Genesis and KCPS will actually sell their 36% stake in the company

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Jan 13, 2019

FIMI Fund acquired "Teva-Migada" plant in Kiryat Shemona for $ 47.5 million
1149 Views Details

by Ifi Reporter

Category: Financial

The FIMI Fund acquired the TEVADAPTOR business unit, which manufactures medical equipment at the Magda plant in Kiryat Shemona, from Teva for $ 47.5 million. Former CEO of Frutarom, Ori Yehudai, will be appointed Chairman of Migda. TEVADAPTOR was founded in 2005 and has about 200 employees. The plant in Kiryat Shmona deals with the manufacture of medical devices designed to protect the medical staff from exposure to hazardous substances while preparing medicines and treating patients. The company's products are marketed to over 20 countries worldwide. The FIMI Foundation notes that...

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Feb 10, 2019

"Pointer" is sold to the american "ID Systems" for an amount of $ 140 million
858 Views Details

by Ifi Reporter

Category: Financial

Pointer is sold to I.D. Systems. That you pay for Pointer, in a share transaction and in cash, an amount of $ 140 million. The deal is expected to close in the summer. After completion, the company will be traded on the Tel Aviv Stock Exchange and the NASDAQ, and will be called PowerFleet. This is a combined cash and equity transaction, with a cash component of $ 72 million, based on loans of $ 40 million from Bank Hapoalim. Pointer provides mobile asset management services and products, such as technological solutions for fleet management. Pointer provides mobile resource management...

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Mar 14, 2019

Elta Systems is acquiring 50% of the Eltam subsidiary of the MalamTeam group for NIS 42 million
885 Views Details

by Ifi Reporter

Category: Financial

Elta Systems, a subsidiary and division of Israel Aircraft Industries, is acquiring 50% of the Eltam subsidiary of the MalamTeam group for NIS 42 million. The acquisition represents a step in the implementation of IAI's strategy to enter the IDF maintenance and outsourcing market in areas rich in technological equipment

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Mar 30, 2019

Elbit Systems acquires night vision activity from Harris for $ 350 million
1010 Views Details

by Ifi Reporter

Category: Financial

Elbit Systems has signed a binding agreement to acquire night vision activity from Harris for $ 350 million in cash. Completion of the transaction is conditional upon approval of the merger between Harris and L3. The merger will create the sixth largest security company in the US with a market cap of $ 34 billion.The merger, announced in October 2018, was approved last Thursday by the shareholders of both companies, but regulatory approvals are still required. Harris and L3, Harris was required to sell its night vision activity, with a sales turnover of $ 150 million a year. The night...

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Apr 6, 2019

The competition authority: reduced the fine on Coca Cola israel by 11 million Shekel
1563 Views Details

by Ifi Reporter

Category: Financial

The competition authority decided to reduce the administrative fine it is considering to impose on Coca-Cola Israel for the abuse of monopolistic power and breach of the terms of a merger with Neviot. This emerges from a revised letter of hearing sent today to the Central Bottling Company, which markets Coca-Cola products in Israel. According to the amended version, the Authority decided to retract its intention to impose a fine of NIS 340,000 on the CEO of the distribution company, Nir Levinger.The decision on the amended fine is also subject to a hearing, according to the Authority, for...

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Apr 16, 2019

Sightec announces a $ 2 million seed investment to  develop it's spatial orientation system
1105 Views Details

by Ifi Reporter

Category: Financial

Sightec announces a $ 2 million seed investment round from the "Sherpa" "InnoVentures" and "Playfair Capital" funds. The investment will be used to further develop a spatial orientation system based on computer vision and artificial intelligence. The system allows aircraft with full or partial autonomy to orient, navigate, land and perform complex tasks in real time at high accuracy, even when there is a communication limit such as GPS blocks. IAI is among the largest customers of the start-up company

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Apr 22, 2019

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