Shikun & Binui has acquired control of Naaman Elevators, returning the company to the elevator sector after previously selling its elevator company, Herut, to Electra. Naaman, founded in 1997 by Rami Naaman and based in Or Yehuda, provides installation and maintenance services for all types of elevators. Rami Naaman is expected to continue managing the […]
Author: Idan Nishlis
Nofar Energy has signed an agreement to acquire a 47.5% stake in the planned Reindeer power station in Israel’s southern Sharon region. Nofar will pay Phoenix Finance NIS 711 million and five private owners an additional NIS 144 million, bringing the total consideration to NIS 855 million. The power station has not yet been built, […]
Visa has agreed to acquire BioCatch, the Israeli-founded fraud detection company, from funds advised by Permira and other shareholders in a USD 2.4 billion cash transaction. BioCatch uses AI-powered behavioral biometrics to help financial institutions distinguish legitimate users from fraudsters in real time. The company’s platform analyzes digital behavior across more than 1.8 billion devices […]
The consortium comprising Minrav, Electra, and Alstom has completed financial close for the Nofit light rail project, a major public transportation project in northern Israel. The project will connect Haifa, Nof Hagalil, and Nazareth across a 41-kilometer route and is expected to serve approximately 100,000 passengers per day. According to the Ministry of Transport, the […]
Israel is advancing plans for a national quantum computing research and development center aimed at strengthening the country’s position in the next major technology wave. Israel Innovation Authority CEO Dror Bin said the center would provide a shared environment where Israeli companies developing quantum processors, algorithms, controllers, and related technologies can test, integrate, and benchmark […]
Two Israeli universities have been ranked among the world’s top 30 institutions for artificial intelligence production capacity, according to a new global index published by the US-based research unit of public relations firm W5. The Technion – Israel Institute of Technology ranked 25th worldwide, fourth in Europe, and first in Israel, while Tel Aviv University […]
The Association of Publicly Traded Companies in Israel is urging the government to list state-owned defense companies, including Israel Aerospace Industries and Rafael Advanced Defense Systems, on the Tel Aviv Stock Exchange rather than on US markets. The appeal follows reports that the government is considering initial public offerings for IAI and Rafael on Nasdaq, […]
Sheba Medical Center has signed a strategic partnership with OpenAI that will give physicians at Israel’s largest hospital access to OpenAI’s dedicated healthcare AI models. The agreement makes Sheba the first hospital outside the United States to join OpenAI’s healthcare program. Under the partnership, Sheba physicians will receive early access to OpenAI’s latest healthcare models, […]
The Israel Innovation Authority and Ministry of Finance are launching a new NIS 1 billion fast-track funding program to support startups and early-stage growth companies affected by the strong shekel. The program is designed for innovative companies with substantial Israel-based research and development expenses, whose dollar-denominated revenue or financing has been eroded by the shekel’s […]
Generation Capital is acquiring Shikun & Binui Energy through its wholly owned subsidiary PowerGen, in a transaction valuing Shikun & Binui Energy at approximately NIS 4.2 billion. The transaction would give Generation full ownership of Shikun & Binui Energy and significantly expand PowerGen’s presence across conventional and renewable energy. Shikun & Binui Energy develops, builds, […]
