► Aeronautics announces acquisition of Magal Security Systems’ Integrated Solutions Division, including all its operations and subsidiaries
February 8th 2021 – Aeronautics Group – a leading provider of integrated turnkey solutions based on unmanned systems platforms, payloads and communications for defense and HLS markets – is acquiring the Integrated Solutions Division of Magal Security Systems, including all the division’s global operations and subsidiaries. The acquisition is a major milestone in extending Aeronautics Group’s operations further into additional military, HLS and advanced paramilitary markets. The acquisition is expected to be completed, 2021 second quarter, and is subject to customary closing conditions, including regulatory approvals.
“We are delighted that Magal’s Integrated Solutions Division – a world leader in HLS and paramilitary security solutions – is joining Aeronautics Group, and becoming part of the Group’s vast and proven solutions offering,” says Moshe Elazar, CEO of Aeronautics Group.
“Together with our synergy with Rafael and the defense companies in Stolero Group, the acquisition of Magal’s Integrated Solutions Division is a power multiplier for the entire Group, both technologically and customers’ range wise. Magal ’s Integrated Solutions Division acquisition is another step in providing a complete and flexible solution to customers of all around the world.
“Over the years, Aeronautics Group has established itself as a leading group in the area of comprehensive integrated solutions for intelligence, surveillance and sensors. We welcome Magal as it joins the Group in a strategic move that combines the leading capabilities of Aeronautics and its subsidiaries with Magal’s comprehensive solutions in the HLS field, continuing to establish and deepen the Group’s specialization in this field.”
“Magal’s Integrated Solutions Division is a world leading international provider of solutions for the HLS markets,” says Arnon Bram, General Manager of Magal’s Integrated Solutions Division.”
Over the past 45 years, we have delivered tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 100 countries, in different markets such as oil & gas, sea ports, air ports, critical infrastructure, safe cities, energy and more. I’m convinced that the collaboration between Magal’s Integrated Solutions Division and Aeronautics Group will broaden the range of our advanced solutions and local support and increase our international footprint.”