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Magal Security Systems

Magal S3 acquires global software company Aimetis Corp.

Move diversifies and expands its product portfolio

YEHUD, Israel—Magal Security Systems, Ltd., located here, announced that Senstar, its fully owned subsidiary based in Canada, acquired Aimetis for an enterprise value of approximately $14 million.

FIMI to be Magal’s majority shareholder


YAHUD, Israel—Magal Security Systems, a provider of solutions and products for physical and cyber security, announced July 30 that FIMI Opportunity Fund, a private equity fund based in Israel, has entered into an agreement with Ki Corporation Limited, to acquire from Ki approximately 40 percent of Magal’s outstanding shares at a price of $3.50 per share.