Fw: More great economic news from Israel
Sue Schwartz
Sent: Tuesday, February 5, 2019 7:21 PM
Subject: More great economic news from Israel
Amazon, Samsung Among Corporate Giants Acquiring Israeli Firms in JanuaryThe biggest M&A news out of Israel in January 2019 was London-headquartered private equity firm Bridgepoint Advisers’ $260 million agreement to acquire Miya Water, a subsidiary of Tel Aviv-based Arison Holdings.
Amazon Web Services is acquiring CloudEndure, in a deal estimated at no less than $200 million. The cloud computing company, based in New York with R&D in Ramat Gan, develops business continuity software solutions for disaster recovery, continuous backup and live migration.
Samsung signed a deal to acquire Tel Aviv-based smartphone camera company Corephotonics for a reported, but unconfirmed, sum of $150-$160 million.
Keystone Dental of Massachusetts, the largest independent dental implant company in North America, will merge via a stock-exchange transaction with Paltop Advanced Dental Solutions of Caesarea. Paltop does precision manufacturing of state-of-the-art digital implant dentistry solutions.
Accelmed Growth Partners of Herzliya and New York will add $20 million in capital investment to the merged entity.
SolarEdge Technologies of Herzliya has agreed to acquire SMRE Spa of Italy, a provider of integrated powertrain technology and electronics for electric vehicles, for an aggregate investment of approximately $77 million. SMRE will become a wholly-owned subsidiary of SolarEdge, which focuses on PV, storage, EV charging, batteries, UPS and grid services solutions.
Sealantis of Haifa, established on the basis of technology developed at the Technion-Israel Institute of Technology, was sold for $25 million and royalties from future sales to Advanced Medical Solutions Group of England. Sealantis develops non-allergenic, shelf-stable medical and surgical adhesives that mimic the mechanism of adhesion of algae to rocks in water.
Cybersecurity company Radware of Tel Aviv agreed to acquire bot management company ShieldSquare of Bengaluru, India, as Radware rolls out a Bot Manager product line.