Leonardo DRS Buys Israeli Radar Company RADA for $670 Million
In June, RADA Electronic Industries Ltd., an Israeli company that develops tactical radar technologies, was acquired by Leonardo DRS Inc., a mid-tier defense technology provider in a deal worth an estimated $670 million. According to the agreement the two will enter into an all-stock merger and become a combined public company.
Rada has been publicly traded on the NASDAQ since 1985.
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Pro forma for the merger, Leonardo SpA and RADA shareholders will own approximately 80.5% and 19.5%, respectively, of the new combined company on a diluted basis, which will maintain… Read More Here
Finaro Acquired by Isaacman’s Shift4 for $575 Million
In March, Shift4, an integrated payment, and technology solutions firm, acquired Israeli fintech startup Finaro (formerly Credorax), a cross-border eCommerce payments provider with a strong European footprint, and Washington-based cryptocurrency fundraising platform The Giving Block.
The $4.3 billion worth company Shift4, controlled by CEO Jared Isaacman, also acquired the Washington-based cryptocurrency fundraising platform The Giving Block.by CEO Jared Isaacman, pays $575 million for Herzliya-based Finaro… Read More Here
Tufin Acquired for $570 Million
In April, Tufin, an Israeli cyber security company offering a policy-centric approach to security and IT operations, was acquired by Turn/River Capital, a software-focused investment firm, in an all-cash transaction that values Tufin at approximately $570 million. Under the terms of the agreement, Tufin shareholders will receive $13.00 per share in cash, representing a premium of approximately 44% over Tufin’s closing share price on April 5, 2022.
Israel Startup Nation is best known for its cyber security firms, so Tufin is in good company. Liberty Strategic Capital, the private equity firm founded and led by former U.S. Secretary of the Treasury Steve Mnuchin… Read More Here
Google Pays $500 Million for Israeli Cybersecurity Startup Siemplify
In January Google revealed it was acquiring Israeli cybersecurity startup Siemplify. The internet giant paid $500 million.
This was Google’s fourth acquisition of an Israeli startup in five years. In 2016 Google paid $1.1 billion for Waze. In 2019 Google Cloud purchased Elastifile which develops data fabric storage technology for enterprise-grade applications running at scale in the cloud for $200 million. The same year Google parent company Alphabet Inc. acquired data migration startup Alooma… Read More Here
Qualcomm Buys Cellwize for $350 Million
In June Cellwize Wireless Technologies, an Israeli provider of mobile network automation tech, was acquired by Qualcomm, the American chip manufacturer, for $350 million through its investment arm, Qualcomm Ventures.
Qualcomm is already an investor in Cellwize, having taken part in that company’s $32 million Series B round of funding which was held in November 2020. “While large companies have traditionally been more dominant in the RAN market, 5G is changing the landscape for how the entire mobile industry operates,” said Ofir Zemer, Cellwize’s CEO at the time… Read More Here
