Israel Shipyards and Rafael are nearing an agreement to supply naval vessels and weapon systems to Cyprus in a deal valued at approximately EUR 150 million. The transaction is expected to be signed in the coming weeks following the completion of negotiations between the Israeli and Cypriot defense ministries. Under the proposed arrangement, Israel Shipyards […]
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The Michigan Israel Business Accelerator has launched the US-Israel Innovation Exchange following a summit that brought together 80 leaders from the economic development, corporate, and government sectors involved in US-Israel business relations. The summit concluded with the signing of a memorandum of understanding establishing a national platform for market intelligence, investment missions, Israeli business delegations, […]
Israeli energy companies are increasing their activity in Europe as limited domestic project availability and delays in grid connection approvals push developers to seek growth overseas. European government incentives, rising electricity demand, and the need for greater energy independence are helping support the expansion. Recent projects include a EUR 60 million energy generation and storage […]
Global AI companies are increasing their on-the-ground presence in Israel as they compete for enterprise, government, healthcare, financial services, and defense-sector customers. OpenAI has begun building a direct commercial presence, hiring Motti Hadas and Ido Perlson to develop the Israeli market. The company is also working through local partners including CloudZone, Abra, and AllCloud, with […]
Allied Infrastructures has signed a binding agreement to acquire Shapir Engineering’s full holdings in Super NG and Super NG Hadera and the Valleys for a base consideration of NIS 230 million. The two companies hold natural gas distribution licenses in central Israel and the Hadera and Valleys regions, serving industrial and commercial customers. The consideration […]
Premiere Digital has acquired Vubiquity from Amdocs, combining two digital media distribution businesses serving studios, streamers, broadcasters, and digital platforms worldwide. Financial terms were not disclosed. The acquisition brings together Premiere Digital’s content mastering, digital distribution, and AI-driven capabilities with Vubiquity’s media supply chain, licensing, and monetization services. Premiere Digital said the combination is intended […]
Proofpoint has agreed to acquire Varonis Systems in an all-cash transaction valued at approximately USD 6.3 billion, bringing together two major cybersecurity companies focused on protecting enterprise data, users, and AI systems. Varonis shareholders will receive USD 49.75 per share in cash. The combination is expected to create one of the world’s largest pure-play cybersecurity […]
TTM Technologies has agreed to acquire the Ophir Photonics optics business from MKS Instruments for USD 650 million in cash. The transaction covers Ophir’s optics operations, which develop and manufacture components and assemblies for electro-optical systems used in areas including thermal imaging, night vision, and other defense applications. Ophir’s laser division will remain with MKS, […]
Elbit Systems plans to establish its first European production and maintenance center for laser warning systems in Sweden, further expanding the Israeli defense company’s industrial footprint on the continent. The new facility is expected to become operational in 2027 and will handle integration, assembly, maintenance, and long-term support for systems supplied to European customers. Elbit […]
Israel’s Finance Ministry is conducting a wide-ranging review of the country’s tax system as it prepares proposals that could be presented to the next government. The review is being led by Tax Authority Director Shai Aharonovich, Budget Division head Mehran Prozenfer, and Chief Economist Shmuel Abramzon. Among the measures under consideration is an expansion of […]
