June was a busy month for acquisitions involving Israeli companies.

The biggest deal was between two Israeli companies: Defense and homeland security giant Elbit Systems acquired defense systems house IMI Systems for approximately $495 million. An additional payment of approximately $27 million is due upon IMI meeting certain performance goals.

The next most lucrative deal was Amsterdam-based consumer electronics giant Royal Philips’ acquisition of cardiac imaging company EPD Solutions of Caesarea for €250 million ($294 million) and milestone payments. EPD and its employees will become part of Philips’ Image-Guided Therapy business unit.

US-based global engineering company Pangea Group acquired software house NIP Global of Herzliya for $30 million in cash and debt. NIP is a turnkey integrator of government IT solutions for population registries and biometric documents.

Hachshara insurance company of Holon is acquiring 20 percent of the Brown boutique hotels chain, which operates in Israel and abroad. Hachshara will enter as a partner in return for a loan that will grant Brown ₪60 million ($16.55 million).

Yavneh-based Aeronautics Defense Systems acquired US-based Chassis Plans for $2.3 million in cash.

A.D.I. Smart Car Systems of Rishon LeZion is purchasing mobile video solution provider SerVision of Jerusalem for ₪7 million ($1.9 million).

Canadia-based Namaste Technologies acquired 10% of the issued share capital of Cannbit for ₪2.5 million ($689,00). Namaste will export the Israeli company’s cannabis to the Canadian market, pending regulatory approval.

Chicago-headquartered ParkWhiz acquired Tel Aviv-based CodiPark for an undisclosed amount. CodiPark connects drivers with parking lots in cities, by providing information about location, availability, and prices, so drivers can search, navigate, reserve a spot and pay, all in one app.

Online content promotion company Outbrain acquired Tel Aviv- and New York-based ad-tech startup AdNgin for an undisclosed amount. Outbrain is headquartered in Netanya with 16 global offices.

WalkMe digital adoption platform with worldwide headquarters in Tel Aviv, has acquired DeepUI, a company in stealth mode that has developed a patented machine learning technology to understand any business software at the graphical user interface (GUI) level, for an undisclosed amount.

Samson AG of Germany bought Tirat Carmel-based predictive maintenance software developer Precognize for an undisclosed amount.