Bayer will establish in Israel a research and development center in the field of cyber security

Bayer will establish a development center in the field of cyber security. This was announced by Bayer Israel CEO Hugo Hagen in a meeting with Ron Malka, Director General of the Ministry of Economy and Industry.  According to Hugo Hagen, CEO of the company in Israel: & quot; For Bayer, as a company engaged in R&D in the core areas of life sciences, the opportunity to integrate into Israel's unique cyber ecosystem alongside innovation in medicine and agricultural development is an opportunity to integrate as players in the Israeli market and create added value. For Bayer and the ecosystem. This week, a senior delegation from Bayer Global arrived in Israel. The parties discussed plans of the Ministry of Economy for the future, such as public projects and channels and possibilities for cooperation.
The company is currently establishing a development center for cyber security in Israel, which will be integrated into Bayer's global cyber unit. The center in Israel will be established in the company's main offices in Hod Hasharon, will work to create collaborations with Israeli companies in the development of technologies in the field of cyber and, among other things, will create connections with its branches around the world.
Bayer is a global life sciences company, operating in three divisions - the Pharmaceuticals Division, the Agriculture Division, and the Medical Preparations Division. Bayer Israel was established in 2008 as a wholly owned subsidiary of the global Bayer Corporation and represents the three divisions and their activities. The company in Israel employs about 150 people.
The company, which is engaged in research and development, is traded on the stock exchanges in Frankfurt, Tokyo, New York and Italy, employs about 100,000 people worldwide and its revenue in 2021 was about $ 32.2 billion.