Elbit Systems Ltd. ("Elbit Systems") announced today that it 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."
| Contact details from our directory: | |
| Elbit Systems Ltd | Thermal Imaging Equipment, Enhanced Vision Systems (EVS), Chemical Milling, Metal Bonding, Filament Winding Service, Aerial Firefighting Equipment, Forming, Aircraft Structural Components, Moving Maps, Helmet-Mounted Displays (HMD), Electronic Flight Instrument Systems, Laser Radar, FLIR Systems, Cameras (Airborne), Head-Up Displays, Warning Systems/Equipment, Flight Recorders, LCD Displays, Avionics Management Systems, Stores Management Systems, Terrain Awareness and Warning Systems, Terrain Following Radar, Weapons Countermeasures, Radio Communications Equipment, Airborne Communication Systems |
| Related directory sectors: |
| Weapons Systems |
| Warning Systems |
| Safety & Security Systems |
| Navigation Aids (Airborne) |
| Indicators and Instruments |
| Imaging and Visual Systems |
| Flight and Data Management |
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