from the May 2017 issue

Mobileye acquisition to start Israeli auto-tech boom

Intel could make more acquisitions in Israel, and Check Point and the defense industries are also interested in the sector.

From a business standpoint, the multi-billion dollar Intel-Mobileye (NYSE: MBLY) deal on the Israeli auto-tech industry had the effect of a level 8 earthquake on the Richter scale shifting the tectonic plates.

Not only was it the largest acquisition in Israel's history, but it also provided a concrete financial criterion for the developing sector and was registered on business seismographs all over the world. BM (before Mobileye), the industry attracted attention mostly from professional parties and knowledgeable people in the global auto industry, as well as a few small-to-medium fish in the venture capital industry. AM (after Mobileye), the business ocean's deep water sharks and whales are gathering round.

Reprinted from the Israel High-Tech & Investment Report May 2017

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