Israeli company Alma Lasers Ltd., which manufactures laser, light-based, radiofrequency and ultrasound products for the medical and aesthetic market, has been acquired by Chinese company Fosun Pharmaceutical Group Co. Ltd. The Chinese company will pay $240 million for a 95.6 percent stake in the Israeli company.
Singaporean Avago, considered one of the world’s leading optical infrastructure providers, has announced that it is acquiring Israeli company CyOptics, which also operates in the same field. According to the agreement, Avago will pay $400 million for the Israeli company.
Israeli medical data management company dbMotion has been acquired by American distributer Allscripts Healthcare Solutions. Calcalist reports that Allscripts, dbMotion’s main distributer, paid $235 million after months of negotiations.
Israeli company Intucell, which develops technology that allows cellular carriers to handle more traffic on their grid, has been acquired by communication technology giant Cisco. Cisco has announced that the acquisition price will be a whopping $475 million.
Accounting firm PWC Israel sums up 2012 as an extremely positive year for Israeli high tech companies. The firm indicates that since 2008, there average exit price has been constantly rising. In 2008, the average exit was $32 million, whilst in 2012, the average is a whopping $111 million – an all-time record.
Objet, an Israeli company which develops 3D printing technology, has merged with American company Stratasys, to form a $3 billion company that will be incorporated in Israel. In the merger, Objet is valued to be worth $1.4 Billion and will account for 45 percent of the merged company’s worth.
Israeli company Retalix, which provides point-of-sale software and services, has been acquired by global payment and retail technology giant NCR. NCR will pay approx. $650 million in cash for the acquisition.
DesignArt Networks, an Israeli company that designs solutions for the mobile 3G, 4G and high-speed wireless backhaul infrastructure, will be sold to chipmaker Qualcomm. Israeli media report that the acquisition is estimated in $120-140 million. Qualcomm is expected to release a formal announcement in the next few days, after the two companies have been negotiating terms for several months. DesignArt Networks was founded in 2006 and is based in Ra’anana, Israel.
iMDsoft, a provider of clinical information systems, announced it has been acquired by TPG Growth, the middle market and growth equity investment platform of TPG, the global private investment firm. Financial terms of the transaction were not disclosed but Israeli media reports that the company was sold for $80 million. iMDsoft was founded in 1996, with products that are designed to enhance quality of care for critically ill patients and improve financial performance for healthcare providers. The company holds offices in Tel Aviv, Israel, with 130 employees.
EMC Corp, which was holding in the past months talks to buy flash-memory storage company XtremIO, announced it will acquire the company for approximately $450 million. XtremeIO, founded in 2009 and based in Herzliya, Israel, has offices in San Jose, California. XtremIO is EMC’s sixth acquisition in Israel