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Tag: Magal Security Systems


Magal S3 acquires global software company Aimetis Corp.

April 12, 2016SSN Staff

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.Aimetis, a Canadian-based company headquartered in Waterloo, Ontario, is a global company specializing in intelligent IP video management software (VMS), and was recently recognized by Deloitte, a consulting and accounting firm, as one of the fastest growing technology companies in North America.“Aimetis'...

Aimetis, Brian Rich, Magal Security Systems, Marc Holtenhoff, Saar Koursh, Senstar

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Also Noted

FIMI to be Magal's majority shareholder

August 4, 2014SSN Staff

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. In addition, FIMI will pay Ki an additional consideration subject to the occurrence of certain conditions. Following the close of the deal,...

FIMI Opportunity Fund, Ki Corporation, Magal Security Systems, Security Systems News (SSN)

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