| Hong Kong-based Baring Private Equity acquires Lumenis |
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Baring Private Equity Asia (BPEA) recently announced that its affiliated funds have agreed to acquire Israel-based Lumenis Ltd. – a maker of minimally-invasive clinical devices for aesthetics, urology, and ophthalmology – from XIO Group.
In 2015, Lumenis was acquired for some US$510 million by XIO Group, which delisted the firm’s shares from the Nasdaq exchange.
Lumenis has developed and commercialised innovative energy-based technologies, including lasers such as intense pulsed light (IPL) and radiofrequency (RF).
Some 30 years ago the firm developed the world’s first holmium surgical laser to blast urinary stones located in the kidneys, bladder, or in between.
It recently developed new technology called “Moses”, that the Israeli company says is even more effective than its original urology lasers, and is considered a ‘game changer’, in the treatment of urinary stones.
The deal values Lumenis at over US$1 billion, the two companies said in a statement.
Founded in 1973, the company has a presence in over 100 countries and close to 1,500 employees worldwide.
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| Israel’s REE unveils new chassis concept in Japan |
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Israeli innovation was on display at this year’s 46th Tokyo Motor Show, which was held from 24 October to 4 November, as Israel’s REE unveiled its flat-chassis technology inside Hino Motors’ new FlatFormer modular chassis concept.
The partnership with Hino Motors was facilitated by Million Steps, a business development firm that extends the reach of Israeli companies throughout Japan. FlatFormer is based on REE’s unique technology, which puts all the drive components within the wheel-housing. Using REE’s novel electric solution enabled Hino to maximize space, flexibility and energy efficiency in its FlatFormer design for electric trucks.
“REE and Hino share the same vision of creating a sustainable and vividly prosperous future and reinventing the concept of mobility to deliver new value,” said Akira Yamaguchi, general manager of the design division at Hino Motors.
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| Israel’s Gilat and China Satcom partner for future Chinese satellite services |
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Announced on 29 October, Gilat Satellite Networks Ltd.a worldwide leader in satellite networking technologyis joining forces with China Satellite Communications (China Satcom).
In a move to strengthen already meaningful ties, Gilat and China Satcom will work in partnership to enable and deploy Gilat’s DVB-S2X technologies throughout China, whilst supporting all business verticals.
China Satcom is a licensed telecommunications service provider in China which also owns and operates the most capable, extensive Ka-band spot beam satellite system in China: the only Ka-band system currently available for IFC service in the country.
“The agreement with China Satcom is a significant step towards realising the latest efficient and high-performance satellite communication technology across China, well positioning China Satcom to deliver excellent customer experience to the end user,” said Yuan Si, China Country Manager for Gilat.
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| A delegation of the Hanoi People’s Committee visits Israel |
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A delegation of Hanoi People’s Committee, led by its Chairman Nguyen Duc Chung, paid working visits to Israel and the UK in November to seek ways to enhance cooperation between the Vietnamese capital and the two countries’ cities, partners, and businesses.
During their trip to Israel, a stop on their way to the UK, the delegation had a meeting with Tel-Aviv Mayor Ron Huldai.
The two sides shared experience and discussed the possibility of cooperation in the fields of start-up, innovation, and technology for smart city building.
Huldai said the Tel-Aviv administration is ready to work with Hanoi and other Vietnamese localities to share experience in investment, trade, tourism, urban management, technology transfer, agriculture, and hi-tech healthcare.
Meeting with Chairman of the Federation of Local Authorities of Israel Haim Bibas, committee leader Chung mentioned the difficulties and challenges facing Hanoi during its development process, expressing his hope that through meetings with officials of Tel-Aviv and other cities of Israel, the two sides can engage in synergetic improvements.
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| Viewbix given premium status at Japanese roadshow |
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A leading provider of state-ofthe-art video analytics platforms, Viewbix was selected to participate in the Israel Foreign Trade and Export and International Cooperation Institute’s (IEICI) Japan roadshow, which recently took place from 12-14 November.
As part of the roadshow, Viewbix senior officers met with leading companies across Japan. “We are honoured to have been selected as a premier Israeli technology company by the IEICI. It is a fantastic organisation that has been the basis of some significant deals with Israeli companies,” commented Jonathan Stefansky, Chief Executive Officer of Viewbix.
IEICI is established and funded by the Israeli government, and is a key gateway for business dealings with Israeli companies from conventional trade, through to joint ventures, and on to strategic alliances.
Its Japan roadshow provides selected companies with access to some of the largest brands in Japan.
“As part of the IEICI’s initiative, we work to identify leading companies incubated in Israel and assist them in developing partnerships to expand their businesses across global markets. The proprietary video analytics platforms Viewbix has developed is vitally important in assisting companies to best maximise their digital media, whilst reaching a wide audience. We believe the company is in the ideal position for our network of leading global companies and hosting them for our Japan roadshow,” stated Noa Avrahmi, Digital Media Sector Manager of the Israel Export Institute.
(Issue Dec 2019/ Jan 2020)
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