After weeks of rumors, US chip giant Qualcomm Technologies will pay a rumored USD 340 million for the Israeli 5G mobile network automation company Cellwize Wireless Technologies. Qualcomm said that the acquisition will further accelerate its leadership in 5G Radio Access Networks (RAN) innovation and adoption. Cellwize was founded in 2013 and until 2018 developed just […]

Leonardo’s U.S. electronics business DRS has agreed an all-stock takeover of Israel’s RADA Electronic Industries Under the agreement, DRS will acquire 100% of the Israeli maker of tactical radar equipment for approximately USD 670 million, with current RADA shareholders then taking a 19.5% stake in the combined business. The company is based in Netanya, and […]

Gesher I Acquisition Corp, a SPAC company, has merged with Freightos Limited, a Jerusalem start-up that operates a leading platform for international shipping and payments. The value of Prytus for the merger is estimated at USD 435 million. Gesher is represented by Bryan Cave Leighton Paisner and by Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron, led […]

Israeli IT solutions provider to telecom companies Amdocs Ltd. has acquired UK company MYCOM OSI for USD 188 million cash. DLA Piper represented Amdocs in this key acquisition designed to expand its portfolio in network service assurance and monetization MYCOM OSI provides software-as-a-service (SaaS) solutions for control and security services for cloud-based communications networks for telecom companies.

Israel’s Merom Energy will acquire 30% of a green energy company in Morocco, investing between NIS 70-80 million in Gaia Energy. The deal is considered particularly striking as Merom is also a small company by Israeli standards. Controlled by the Gandir Fund of Yehudit Recanati, Merom Energy also received an option to increase its holdings […]