GBP Elbit Systems Completes the Acquisition of IMI Systems - GBP

Home- Defence & Security-Elbit Systems Completes the Acquisition of IMI Systems

Elbit Systems Completes the Acquisition of IMI Systems

Elbit Systems Ltd. announced 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.”

More Stories

With more than 25 years of experience in defence publishing, Global Business Press and its industry leading titles Asian Defence Technology, Asian Airlines & Aerospace and Daily News are the leading defence publications in the region, present at more international shows and exhibitions than any other competing publication in the region.

Popular Posts

2019 GBP all rights reserved by IPIX

Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us