[ad_1] The enterprise exercise of the Israeli robotic photo voltaic panel cleansing firm has been offered to its CEO Eran Dgani. Israeli robotic photo voltaic panel cleansing firm Ecoppia (TASE: ECPA) has offered its enterprise actions to CEO Eran Dgani for simply NIS 18 million. The corporate held its IPO on the Tel Aviv Inventory Trade (TASE) in November 2020, when it raised NIS 282 million (after cash) at an organization valuation of NIS 1.3 billion and shortly afterwards its market cap rose to NIS 1.5 billion. The corporate’s share value has fallen 20% for the reason…
Author: Shiri Habib-Valdhorn
[ad_1] Israeli photo voltaic power firm SolarEdge Applied sciences (Nasdaq: SEDG) is shedding 900 workers together with 550 in Israel, the corporate has introduced. This represents about 16% of the corporate’s workforce and follows weak monetary outcomes and a fall within the firm’s share worth. Many of the layoffs in Israel are on the firm’s headquarters in Herzliya with the remainder on the workplaces in Tziporit Park close to Nof Hagalil. On the finish of 2022, SolarEdge reported that it had 5,000 workers together with 2,700 in Israel however the quantity grew in 2023 and in keeping with the…
[ad_1] Stratasys headquarters Eyal Izhar Shekel-dollar fee falls beneath NIS 3.6 The Economist: Tel Aviv slips in costly metropolis rankings Nano Dimension has provided to purchase all Stratasys’s shares in money for $16.50 per share, a 25.9% premium on the corporate’s present share worth. Israeli 3D printing firm Nano Dimension (Nasdaq: NNDM) is making a renewed try to purchase Israeli polymer 3D options firm Stratasys (Nasdaq: SSYS). Yesterday Nano Dimension provided to purchase all Stratasys’s shares in money for $16.50 per share, a 25.9% premium on the corporate’s present share worth. …
[ad_1] Israeli digital advert firm Perion Community (Nasdaq: PERI; TASE: PERI) introduced at the moment that it has accomplished the acquisition of Canadian firm Hivestack for $100 million in money and as much as $25 million extra in money and shares based mostly on assembly milestones and conserving senior executives on the firm for a minimum of three years. These milestones embrace gathered EBITDA of $56 million and US$212 million of contribution ex-TAC in mixture throughout 2024 by way of 2026. RELATED ARTICLES Perion claims success for cookieless Mercedes marketing campaign …
[ad_1] In February, Israeli community gear vendor Ceragon Networks (Nasdaq: CRNT) revealed its monetary assertion for 2022. Through the convention name that the corporate’s administration performed with traders and analysts on the identical day, Ceragon introduced that its commerce receivables on the finish of 2022 amounted to $112 million. About 11% of the quantity ($12.4 million) was debt to a single buyer towards which authorized proceedings had simply been begun. “We imagine that we’re taking energetic steps to gather the debt and we’ll proceed to look at the state of affairs carefully,” promised CFO Ronen Stein. Two and a…
[ad_1] Oddity Tech Ltd. (Nasdaq: ODD), the mother or father firm of Israeli on-line magnificence care model IL Makiage, held its Wall Avenue IPO in July at an organization valuation of $2 billion at $35 per share. The share worth jumped inside two weeks to $55, giving a market cap of $3 billion and a unbelievable a number of on profitability of virtually 80. Then the inventory started sliding an misplaced over 50% since its peak, to a current low of round $26. Since Monday, the inventory has jumped to almost $30 on Wall Avenue, after the corporate printed…
[ad_1] The shareholders of Rehovot-based 3D printer firm Stratasys (Nasdaq: SSYS) voted right now towards the corporate’s proposal for a merger with US firm Desktop Steel, Inc. (NYSE: DM) in an all-stock deal. Two consulting corporations that advise monetary establishments, ISS (Institutional Shareholder Companies) and Glass, Lewis & Co., really helpful voting towards the deal. On the similar time, the Stratasys board of administrators prolonged the validity of Stratasys’s “poison tablet” for 3 months. Stratasys will thus have the ability to make a strategic evaluation of the present state of affairs: the acquisition supply from 3D Programs (NYSE: DDD),…
[ad_1] Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) is contemplating the sale of its energetic pharmaceutical (API) components manufacturing actions in a deal that might attain $2 billion, “Bloomberg” stories. The corporate is working with advisors to gauge curiosity on the matter, though no closing choice has been made on whether or not to promote the API plant, the sources instructed “Bloomberg.” RELATED ARTICLES Teva seeks to reinvent itself as branded drug developer Why did Teva fall 20% in April-Might? Teva concludes US nationwide…
[ad_1] US 3D printing firm 3D Methods Corp. (NYSE: DDD) has launched a takeover bid for Israeli 3D printing firm Stratasys (Nasdaq: SSYS). The Israeli firm’s shareholders now face an advanced selection. Stratasys administration has already acquired and rejected a number of unsolicited takeover bids from fellow Israeli 3D printing firm Nano Dimension (Nasdaq: NNDM). RELATED ARTICLES Stratasys merges with Desktop Steel at $1.8b valuation Nano Dimension ups Stratasys bid to $1.2b valuation On the identical time, final week Stratasys and US…
[ad_1] Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) has reported its first quarter 2023 monetary outcomes right now, lacking on revenue however beating the analysts on income. The Israeli firm reported non-GAAP earnings per share of simply $0.40, whereas market expectations have been $0.56. Income within the first quarter was $3.7 billion, much like the primary quarter of 2022 and above expectations. RELATED ARTICLES FDA approves revolutionary Teva schizophrenia drug Teva paid high executives $330m whereas share worth tanked Teva president…