Saturday, February 27th | 15 Adar 5781

Subscribe
December 31, 2019 10:38 am

Israeli M&A Value Slips 6 Percent in 2019 to $20.4 Billion, New Report Says

avatar by Reuters and Algemeiner Staff

Cars drive on a highway as a train enters a station in Tel Aviv, Israel, Nov. 25, 2018. Photo: Reuters / Corinna Kern.

The value of mergers and acquisitions in Israel in 2019 fell 6 percent to $20.4 billion though the number of deals rose 34 percent to 166, according to a report released by Pricewaterhouse Coopers on Monday.

The value of deals in 2018 was boosted by the acquisition of Frutarom by International Flavors & Fragrances for $7.1 billion.

PwC Israel said the value of “mega deals” in 2019 was more modest, highlighting the Orbotech acquisition by KLA-Tencor Corp for $3.4 billion and of Chevron North Sea by Delek Group for $2 billion as prominent deals this year.

High tech led with $9.1 billion in deal value.

Related coverage

February 26, 2021 5:02 pm
0

‘The Last Purim With Corona:’ Netanyahu Urges Jabs in Holiday Skit

A Purim holiday-themed video from Israeli Prime Minister Benjamin Netanyahu urged Israelis to get vaccinated against COVID-19, after allaying the...

“The Israeli M&A market is not showing any signs of slowing down,” PwC Israel partner Liat Enzel-Aviel said.

She noted that Nvidia’s acquisition of Mellanox, Intel’s purchase of Habana Labs and Baring Private Equity Asia’s acquisition of Lumenis — with a combined value of about $10 billion — are all expected to close in early 2020.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.