Listed on the TASE, Israeli company Turpaz Industries Ltd., a specialist in flavor and fragrance extracts, has acquired 100% of the share capital of British flavor company Flavors and Essences UK Limited (F&E) for GBP 22 million from IFF. Established in 1998, F&E focuses on developing and marketing flavor extracts for products such as vaping, […]
Author: Idan Nishlis
The U.S. federal court’s ruling that Google is an illegal monopoly in the search industry marks a significant moment in the Biden administration’s effort to combat monopolistic practices by major tech companies. Although the court has yet to decide on specific actions, such as breaking up Google or curbing its anti-competitive behavior, the decision underscores […]
Israel has ranked fourth in the top 10 countries considered most advanced in artificial intelligence (AI), according to a recent study conducted by the company ZeroBounce. The study placed ten countries on the list in the following order from 1 to 10: the United States, China, the United Kingdom, Israel, Canada, Germany, India, France, South […]
OPSWAT, a global leader in critical infrastructure protection cybersecurity solutions, has acquired InQuest, a prominent cybersecurity provider known for its Deep File Inspection and RetroHunting technologies. InQuest is highly regarded for protecting the United States Department of Defense (DoD) customers with its network appliances that peer up to and beyond Layer 7, and combined with […]
Canadian automotive fleet manager Element Fleet Management has acquired Israeli startup Autofleet for USD 110 million. Element, the largest publicly traded fleet manager in the world, is listed on the Toronto Stock Exchange with a market capitalisation exceeding USD 7 billion. The acquisition represents a significant milestone for Autofleet, which has consistently advanced the efficiency […]
Gallatin Point Capital LLC has completed a USD150 million acquisition of approximately 15% of the equity of Israel Discount Bank of New York (IDBNY). Gallatin Point Capital is a private investment firm specializing in financial services, managing over USD4.5 billion across multiple funds, and focused on investments in companies involved in lending, insurance, asset management, […]
Silexion Therapeutics Ltd., an oncology-focused biotechnology company based in Israel, has successfully completed a business combination with Moringa Acquisition Corp, a publicly traded SPAC. The newly formed entity, Silexion Therapeutics Corp, will begin trading on Nasdaq from August 16, 2024. This merger aims to advance Silexion’s mission of developing innovative treatments for cancers driven by […]
A big move in the healthcare sector took place this week as U.S. healthcare giant Johnson & Johnson (J&J) announced plans to buy V-Wave, a move aimed at enhancing its medical device portfolio. Under the terms of the agreement, Johnson & Johnson will acquire V-Wave for an upfront payment of USD600 million, subject to customary […]
A new set of legislation consisting of four laws aims to combat the high cost of living in Israel by aligning with European Union standards for consumer goods and streamlining import procedures. Under this reform, Israel will allow the import of products from any supplier holding EU approval. This shift is anticipated to enhance the […]
The Israel Innovation Authority and the Ministry of Finance have introduced the Yozma Fund 2.0 to encourage institutional entities to invest in Israeli technology firms via local venture capital funds. In its initial phase, the programme will allocate USD 155 million to 18 institutional entities in Israel, supporting investments in Israeli startups. Yozma 2.0 targets […]
