Elbit Systems completes the acquisition of IMI Systems

November 25, 2018

 

Elbit Systems has completed the acquisition of IMI Systems Ltd. (“IMI”) for a purchase price of approximately $495 million (NIS 1.8 billion), with an additional payment of approximately $27 million (NIS 100 million) contingent upon IMI meeting agreed performance goals.

 

Bezhalel (Butzi) Machlis, Elbit Systems President & CEO, commented: “The synergy between the capabilities of the two companies and the global positioning of Elbit Systems will enable us to offer an enhanced portfolio and to realize the potential of the technologies of IMI in the international arena, making this acquisition significant to our long-term growth strategy.” Machlis added: “Elbit Systems has a proven track record of successfully performing major acquisitions, and I am convinced that this acquisition will be beneficial for Israel’s economy, for both companies’ employees and customers and for our shareholders." 

Share on Facebook
Share on Twitter
Please reload

Featured Posts

Ultra receives $31M order for ORION tactical communications systems from the U.S. Marine Corps

September 23, 2020

1/10
Please reload

Recent Posts
Please reload

© 2020 DS AIR Limited. Global Military Communications is part of DS Air Limited. Email: admin@dsairpublications.com

  • LinkedIn Social Icon
  • Twitter
  • Facebook
  • YouTube