PERRYSBURG, OH – IMCO Group acquired EMT Electronics Manufacturing Technologies for up to NIS 7 million (US$2.14 million). NIS 4 million will be paid at closing, with an additional NIS 3 million subject to future profit.

“This expansion gives further in-house capabilities of designing and assembling electronic PCBs,” said Eitan Zait, IMCO CEO. “This move is a further step in IMCO Group’s path to provide its customers with complete solutions tailored for customers’ requirements, converging toward Tier-1 customers worldwide. EMT is a leader company in the field, and we are convinced it will contribute to our entire group and allow us to continue to lead and provide our customers with complete and advanced turnkey solutions.”

“We are proud and excited to join the IMCO Group, and are confident our proven excellence for the production and integration of electronic systems and assembly of electronic PCBs will enable the group to enrich its capabilities and provide its customers with state-of-the-art solutions at the highest standards and technologies,” said Yaniv Hadar, EMT CEO. “Our rich experience in working with leading customers worldwide, both in the security and civilian fields, enables us to know how to suit the ideal solution for each request.”

Ed.: NIS 1 = US$0.31