Exits, mergers & acquisitions – to 26/1/25
US Metropolis has acquired Israel’s Oosto (formerly ) for .
Israel’s is acquiring Germany’s Aurenz for up to .
A bigger Gong
Israel’s Gong (see previously) has taken a 3-year lease for 3,600sqm of space in Ramat Gan at a cost of NIS 30 million. It will house many of its 380 Israel-based employees, plus the hundreds of developers it is recruiting at its Israeli R&D center. Gong has over 4,500 customers for its AI sales products.
Combating domestic violence in Alabama
Israel’s SuperCom (see previously) has won a new contract to provide its advanced GPS tracking and domestic violence (DV) monitoring solutions to a government agency in Alabama. It is SuperCom's 5th new US state since Aug 2024 and its 10th USA contract in just 60 days.
On eagles’ wings
Airlines that have announced they are restoring Israel flights include , Air France, Transavia, Air France, EasyJet, British Airways, ITA Airways; Wizz Air, and the Lufthansa Group (Swiss, Austrian, Brussels, Lufthansa, Eurowings.
The ear of Finland’s police
Israel’s Silynxcom (see previously) has won a 4-year contract worth up to $2 million, to supply advanced in-ear communication systems to the national police of Finland. It comprises new-generation high-noise protection Clarus systems, with Silynxcom’s unique “talking from the ear” technology.
18 years of natural gas
Israel’s Energean has agreed to provide 12 billion cubic meters of natural gas to power the power plants of Israel’s Dalia and Eshkol power plants. It will be sufficient for the next 18 years and cost some $2 billion.
Shekel at two-year high against Dollar
The Israeli Shekel reached its strongest level against the US Dollar for two years – 3.541 to the US$. The Bank of America expects the shekel to continue to strengthen if the ceasefire agreements are fully implemented.
Strong investor confidence
The normally anti-Israel “Economist" has rated Israel as the 6th strongest economy of 2024. It cited Israel’s strong macro figures with the low unemployment rate and the performance of the stock market strengthening the country’s situation in recent months.
Israel’s tech ecosystem evolved despite the war
Startup Nation Central reports that Israel’s hi-tech GDP grew by 2.2% in 2024. It was due to funding, a record $15.8 billion in mergers and acquisitions and mature companies driving innovation and global integration. Cybersecurity remained Israel’s tech cornerstone.
Nvidia’s $500 million AI R&D lab
Chip giant Nvidia is to invest more than $500 million in a new Israeli AI research data lab. The 10,000 sqm facility at the Mevo Carmel Science and Industry Park near Yokne’am, will be among the “largest, most powerful data center labs in Israel,” Nvidia said in a statement.