Abigail Klein Leichman
April 3, 2019

Israeli merger-and-acquisition deals were announced during March included four deals closed at more than $100 million.

Santa Clara-based NVIDIA will acquire Mellanox of Yokne’am in a deal worth approximately $6.9 billion.

McDonald’s Corp. is buying Dynamic Yield (based in New York with a development office in Tel Aviv) for an undisclosed sum reported to be about $300 million, to help personalize its digital drive-thru menu.

New Jersey-based car fleet management company I.D. Systems will acquire Rosh Ha’ayin-based vehicle location and roadside service company Pointer Telocation in a $140 million cash and stock deal.

American medtech firm Stryker acquired Caesarea-based orthopedic device company OrthoSpace for $110 million in cash and up to $110 in milestones.

Online gambling empire 888 Holdings – headquartered in Gibralter with most of its 1,300 employees in Israel — paid €15 million (about $17 million) to Irish company BetBright to acquire its sports betting platform.

Deals with undisclosed financial details

The following M&A agreements were announced in March without any disclosure of the financial terms.

Tel Aviv-based sports media company MinuteMedia acquired Gannett media company subsidiary The Big Lead.

Chinese e-commerce giant Alibaba Group Holding acquired Ramat Gan-based augmented reality software startup InfinityAR. InfinityAR’s 25-person team will join Alibaba’s Israel machine vision laboratory.

Priority Software, a long-established Israeli developer of enterprise resource planning management software, acquired Belgium-based Optimize Group as part of its expansion strategy in Europe.

Fornova – an international Israeli company based in Yokne’am offering online monitoring and optimization services to the hospitality industry, acquired Tel Aviv-based Hotels BI. Fornova will integrate HotelsBI’s hotel performance analytics software into its product suite.

Content discovery and native ad platform Taboola — founded in Israel and headquartered in New York with 22 offices across the world including in Tel Aviv and Beersheva — has acquired the Start division of Herzliya-headquartered mobile discovery and engagement provider Celltick Technologies.

Tel Aviv-based financial trading firm eToro is acquiring Copenhagen-based blockchain company Firmo Network.

German electronics company Rohde & Schwarz acquired the body-scanning unit of Camero-Tech of Kfar Netter, and will turn it into an R&D company called SeemPulse.

Camero, part of the SK Group, was founded in 2004 and is a world-leading provider of Sense-Through-The-Wall (STTW) solutions and body-scanning applications. Camero’s technology has been used in disaster recovery situations such as the 2017 Mexican earthquake.

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