Finance : Israel : Mergers
Water treatment co GES increases UniqKleen stake
Water treatment technology company GES - Global Environmental Solutions Ltd., a subsidiary of Granite Hacarmel Investments, is set to increase its holding in UniqKleen Technologies Ltd. a start-up developing technologies for treating industrial effluent with magnets. GES will raise its stake in UniqKleen to more than 60% from 51%, at a value of several million dollars. GES VP marketing, water and waste water and UniqKleen CEO Anat Halgoa confirmed the report but declined to comment on the size of GES's additional investment or the value at which it will be made.
Feb 19, 2008, 13:57

Finance : Israel : Mergers
Digital content company Psyop set to morph into Israeli firm
Fortissimo Acquisition, a special purpose acquisition company formed to serve as a vehicle to effect a merger, capital stock exchange, asset acquisition or other similar business combination involving Israeli-based activity, has agreed on a combination transaction to acquire 50% of the U.S. firm Psyop, based on a valuation of $60 million.
Jan 17, 2008, 12:29

Finance : Israel : Mergers
ICL to Acquire Henkel's Water Treatment Business
TEL AVIV, Israel, Jan. 13 /PRNewswire-FirstCall/ -- Israel Chemicals Ltd., a multinational fertilizer and specialty chemicals company, today announced that ICL Performance Products has acquired substantially all the business operations and the assets of the Industrial Water Treatment business unit ("HWT") of Henkel KGaA for euro 60 million, approximately $89 million. After the acquisition, HWT will become a part of the ICL Performance Products segment, giving the segment annual revenues of approximately $1.1 billion (based on 2006 data).
Jan 13, 2008, 11:25

Finance : Israel : Mergers
Israel's TIF Ventures acquires 2 incubators
New Israeli investment company TIF Ventures has lead the acquisition of Misgav Technology Center and Mofet B’Yehuda Innovation Accelerator for $6 million, and will receive the incubators’ holdings in their portfolio companies. TIF will also receive the right to operate the incubators and accept new companies for which the government will provide grants of 80% of financing for two years. Misgav specializes in medical devices, pharmaceuticals, and biotechnology. It has 11 active companies and 12 graduate companies, including ETview Ltd. and Dune Medical Devices Ltd.. The incubator’s companies raised an aggregate $12 million during 2006. Mofet B’Yehuda specializes in cleantech, software, and medical devices. The incubator has seven active companies, including eBIZ.mobility Ltd., which recently raised $1 million.
Aug 16, 2007, 11:04

Finance : Israel : Mergers
Nice Systems in advanced talks to buy Actimize as it gears up for IPO
Nice Systems is in advanced negotiations to buy the Israeli startup Actimize, which specializes in fraud prevention software for financial institutions, phone companies and the like - mitigating "transactional risk", as it calls its sphere. Actimize said it doesn't comment on rumors.
Jun 24, 2007, 10:05