ISRAEL > US based Ford is set to develop a decision-making system for driving autonomous cars in Israel investing approximately $12 million

Ford_Motor_Company_Logo.svg Following the Israeli algorithmic solutions company Ford acquired two years ago, SAIPS, Ford is beginning to develop a decision- making system for driving autonomous cars in Israel. Decision making system is a major challenge for autonomous car developers as decisions must be made in fractions of seconds. Ford is planning to invest around $12 million for the system. SAIPS, the More …

ISRAEL > USA based Intel Corporation is set to invest $5 billion in Israel

Intel logo Expanding its Kiryat Gat production plant, USA based semiconductor giant Intel Corp. is set to invest $5 billion through 2020 in Israel. According to the Finance Ministry in an email statement said that Intel is set to buy over NIS 3 billion ($818.22 million) worth of products from local suppliers and is set to add 250 people. Since the implementation More …

ISRAEL > UK based Centrica and Ombu Invest is to invest $100 million in Israeli Electric Vehicle Charging Software Provider, Driivz

Centrica logo UK based Centrica and Ombu Invest is set to invest $100 million in Israel based Driivz, a start-up that offers end to end software solutions for electric vehicle (EV) charging. Ombu Group has co- led the investment. Driivz has a cloud based EV charging operating system that already has 200,000 drivers across the globe using the software. Established in 2012, More …

ISRAEL > USA based Milliman is set to open a new office in Israel.

Milliman logo A premier global consulting and actuarial firm, Milliman Inc. is set to open a new office in Tel Aviv, Israel. Expanding its operations into the Middle East, the office will be headed by Benny Gabbay, leading figure in Israeli insurance industry, and Daniel Sharon, chief actuary of Phoenix Insurance Ltd. The office will offer insurance and actuarial consulting services. According More …

ISRAEL > USA based International Flavors & Fragrances Inc. is set to acquire Israel based Frutarom for $7.1 billion

IFF logo   International Flavors & Fragrances Inc.(IFF) and Frutarom have entered into a definite agreement under which IFF will acquire Frutarom in a cash and stock transaction for approximately $7.1 billion including the assumption of Frutarom’s net debt. Unanimously approved by the Board of Directors of both companies, Frutarom’s shareholder will receive $71.19 in cash and 0.249 of a share of More …

ISRAEL > USA based KLA-Tencor buys Israel based Orbotech at $3.4 billion

KLA-Tencor logo Valuing Orbotech at $69.02 per share, USA based KLA-Tencor is set to buy Israel based Orbotech. Orbotech is an Israeli firm that develops ways to enhance manufacturing of electronic products and KLA-Tencor will buy Orbotech shares through a combination of cash and stock. This will value Orbotech at $3.4 billion. According to Rick Wallace, KLA’s chief executive officer: “This acquisition More …

ISRAEL > Israel based Syneron Candela to be acquired by UK based Apax Partners for approximate $397Mn

Syneron Medical Ltd logo Israel based Syneron Candela is slated to be acquired by funds advised by Apax Partners for approximate $397Mn. The acquisition comes after fund advised by Apax Partners agreed to acquire all of the outstanding shares of Syneron Candela for $11.00 per share in cash. Barclays is acting financial advisor to Syneron Candela for the deal while  Gross, Kleinhendler, Hodak, Halevy, Greenberg & More …

ISRAEL > US based Edwards Lifesciences Acquires Valtech Cardio for $340Mn

Edwards_Lifesciences_logo USA based Edwards Lifesciences acquires Israel based Valtech Cardio, a company that develops Cardioband System for transcatheter repair of the mitral and tricuspid valves, for $340Mn. The deal has some pre-specified milestones which if met over 10 year time will help Valtech Cardio gain further $350MN. So, the deal could go as high as $690Mn in total.   About Valtech More …