Elbit Systems acquisition of IMI Systems
Elbit bought the former Israel Military Industries, ending a long state privatisation process.
- Company
- IMI Systems
- Type
- M&A
- Status
- Completed
- Date
- 25 Nov 2018
- Value
- US$495m
- Value basis
- About US$495m (NIS 1.8bn) plus up to US$27m on performance targets
- Region
- Israel
- Segment
- Land systems and munitions
Parties
- Elbit Systems buyer
- State of Israel seller
Key terms
- Price
- about US$495m
- Earn-out
- up to about US$27m
Sources
- Elbit Systems: completes the acquisition of IMI Systems elbitsystems.com · 25 Nov 2018
- Globes: Elbit Systems completes acquisition of IMI Systems en.globes.co.il · Nov 2018
Record DEF-INV-2018-0007. Investments are kept apart from the financings register and never counted in debt totals.
