FIMI Opportunity Funds acquires Aitech Rugged Group for $30 million

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 and the rest will be infused into the company for operational growth.

“The acquisition is another step in Fimi's plan to make investments in non-Israeli companies and centralize their operations in Israel.”calcalist.co.il

• 2 sources
• calcalist.co.ilFIMI Opportunity Funds Acquires U.S. Electronics Company Aitech for $30 MillionGolan HazaniAug 2, 2018
• en.globes.co.ilFIMI buys US co Aitech for $30m - GlobesKobi YeshayahouAug 2, 2018

Summarized from public sources; check the original articles before acting on it.