Intel acquired Mobileye, Israel’s auto-tech giant, for $15.3BN (Globes, March 13, 2017). The British equity firm, APAX, acquired Israel’s medical equipment Syneron for $397MN (Globes, April 30). The New Jersey-based Becton-Dickinson, the medical equipment giant, acquired Israel’s CME for $250mn (Globes, April 5). Palo Alto acquired Israel’s LightCyber for $130mn. In 2014,, Palo Alto acquired Israel’s Cyvera for $112mn (Globes, March 1). The Washington, DC-based Danaher acquired Israel’s printing quality inspection AVT for $107mn (Globes, March 6). The New York-based event-ticketing giant, SeatGeek, acquired Israel’s TopTix for $56mn (Globes, April 20).
2. 155 Israeli hightech companies raised $1bn during the first quarter of 2017, compared to $1bn during the 4th quarter of 2016, $933mn – 3rd quarter, $1.7bn – 2nd quarter and $1.1bn – 1st quarter of 2016 (Globes, April 29). For example, China’s BOE invested $50mn in Israel’s medical equipment startup, CNoga (Globes, March 6); the Dallas-based LS Health Science Partners invested $30mn in Israel orthopedic equipment Active Implants, in addition to $10mn invested by the Dallas-based View Capital and the Memphis-based River Street Management (Globes March 14); The British auto parts giant, Delphi, led an investment round of $25mn in Israel’s Otonomo, joined by Menlo Park-based Bessemer, New Jersey-based Maniv and London-based LocalGlobe (Globes, April 9); etc.
3. Fitch credit rating reaffirmed Israel’s credit rating at A+, based on the stability of Israel’s economy, balance of payment surplus, expansion of foreign exchange reserves, decline of debt-GDP ratio from 95.2% in 2003 to 62.2% in 2016, decrease of budget deficit, natural gas potential, etc. (Globes, April 26, 2017).
4. The Economist Intelligence Unit (April 1): “Israel’s recent strong overall economic performance…. Real GDP grew by 4% in 2016, set to persist for most of the forecast period…. Export growth will pick up in 2017-18. Further increases in gas output and a modest recovery in exports, particularly in new and established markets in Asia…. The Israeli Shekel’s strength against the Dollar will continue to pose challenges for policymakers…. The Shekel remains strong against the Euro and the British Pound…. Trade deficit will narrow steadily…. The opening of new production facilities by Intel will further boost technology goods exports, and natural gas exports will begin by the end of the forecast period.”