Israel Active

Israel’s acquired Covestro AG for ; Unity Software is acquiring Israeli-founded for . Remitly Global acquired Israel’s for ; Israel’s acquired US options trader Gatsby for .

Israel’s Redefine Meat (see previously) is introducing its 3-D printed vegan flank steaks and other plant-based meat alternatives at several London restaurants including Mr. Whites, German Gymnasium, Chotto Matte, and Gillray’s Steakhouse and Bar. It is also available at Selina’s.

Israeli-founded Selina (see previously) has opened two new locations in Israel. The Selina Desert Garden in Mitzpe Ramon in the Negev has 20 glamping tents, a large Bedouin tent, plus family rooms with a jacuzzi. The other hostel is the Selina Metula in the Upper Galilee.

The Layoffs Project is a non-profit website developed by Israel’s fresh.fund (see ) and US-based Angular Ventures that matches out-of-work tech workers with current tech vacancies. Some 350 people have signed up at the site to look for jobs and 324 companies have signed up to hire people.

Engineering students at Israel’s Shenkar College of Engineering and Design have developed the Dronet system – 4 network-connected drones to transport loads efficiently. It includes an app to control a drone’s flight path and transport cargo in a safe and stable manner.

Israel’s Nutritional Growth Solutions (NGS) – see previously – has launched its Healthy Heights growth formula in South Korea through a deal with Coupang, Korea’s largest retailer with 18 million customers. Healthy heights helps children ages 3 – 9 reach their maximum height.

Israel’s Amdocs (see previously) reported record revenues of $1.16 billion in the second quarter of 2022 8.8% more than the corresponding period in 2021. It also has a record orders pipeline of nearly $4 billion.

Israeli software company Nice just reported second quarter total revenues up 16.1% to $530.6 million on the same period in 2021. Gross profit for Q2 was $365.7 million compared to $306.3 million last year.

Israeli defense electronics company Elbit Systems has been awarded a $660 million contract to provide intelligence systems to a European country. The contract will be undertaken over four years, plus 10 more years’ maintenance. In June, Elbit Systems won contracts worth $838 million.

French supermarket giant Carrefour is on track to open its branded shops by the end of this year (see previously). Now Dutch-owned international supermarket chain SPAR has also signed agreements to open branches in Israel.