Two of’s defense industries – and will acquire the ownership in for an estimated amount of about $90 million. already owns 18 percent of ’s stocks and following the current transaction will obtain 50% of its shares. will acquire the remaining 50% from the founders.
became one of ’s leading electro-optics manufacturer, specializes in the development and manufacturing of customized electro-optical systems for the military and homeland security markets. The company has about 180 employees and its annual sales are about $60 million.
The company was founded in 1988 as an electro-mechanical system engineering specialist, the company developed complex Pan-Tilt platforms for antennae and electro-optical payloads, moving later into the design, development and manufacturing of stabilized Electro-Optical systems, and was the pioneer in the development of continuous zoom assemblies for thermal imagers. In recent years the company also focus on the development and production of complete thermal cameras (FLIR), both cooled and uncooled. system engineering company. Among the company’s products are advanced, stabilized EO payloads used on unmanned aerial vehicles (UAVs), aerostats, helicopters, maritime patrol aircraft, mast-mounted observation towers and reconnaissance vehicles as well as naval platforms. The company has developed a line of miniaturized, stabilized EO payloads, selected as the standard issue for all the mini-UAVs used by the Israel Defense Forces.