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Elbit Systems completes the acquisition of IMI Systems

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."

Press release issued by Elbit Systems Ltd on November 25, 2018

 

 Contact details from our directory:
Elbit Systems Ltd Thermal Imaging Equipment, Enhanced Vision Systems (EVS), Chemical Milling, Metal Bonding, Filament Winding Service, 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

 

 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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