# 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.

- Type: Acquisition
- Announced: 2018-08-02
- 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)
- [Aitech](https://endata.com/companies/33529.md) (target)

## Sources

- [calcalist.co.il](https://www.calcalist.co.il/local/articles/0,7340,L-3731448,00.html), 2018-08-02: "The acquisition is another step in Fimi's plan to make investments in non-Israeli companies and centralize their operations in Israel."
- [en.globes.co.il](https://en.globes.co.il/en/article-fimi-buys-us-co-aitech-for-30m-1001223054), 2018-08-02: "Aitech has proven innovative capability in the development of new products, which are scheduled to reach the market in 2018, and its orders backlog for the coming years has grown significantly."

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