# FIMI Opportunity Funds acquires Aitech Rugged Group for $30M

Israel-based private equity firm FIMI Opportunity Funds is acquiring defense electronics company Aitech Rugged Group Inc. for $30 million. Part of the sum will be used to buy Aitech from its current owners, a group of Netherlands-based investors, and the rest will be infused into the company to promote operational growth.

- Type: Acquisition
- Announced: 2018-02-08
- Where: Chatsworth, California, United States
- Value: $30.0M
- Status: announced
- Products: commercial and military embedded computing solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [FIMI Opportunity Funds](https://endata.com/companies/22471.md) (acquirer)
- [Aitech Rugged Group](https://endata.com/companies/29953.md) (target)

## Sources

- [calcalistech.com](https://www.calcalistech.com/ctech/articles/0,7340,L-3731448,00.html), 2018-02-08: "Israel-based private equity firm FIMI Opportunity Funds is acquiring defense electronics company Aitech Rugged Group Inc. for $30 million, the firm announced Thursday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.