Outside Cybertech 2017, the world’s second-largest cybertechnology exhibition, which Israel hosted from Jan. 30 to Feb. 1 in Tel Aviv. Photo: Flash90.
CTech – The total value of this year’s completed mergers and acquisitions of Israeli technology companies more than doubled that of 2018, amounting to $9.9 billion, or a 102% increase year-over-year, according to a new report by accounting firm PwC Israel. PwC’s report only included deals that have officially closed in 2019. Adding up all the tech M&A deals announced in 2019, including those yet to be finalized, PwC found they amounted to $22.9 billion.
Palo Alto Networks’s $560 million acquisition of Israeli information security firm Demisto in February was the first major size deal in a year that concluded with the $2 billion acquisition of AI chipmaker Habana Labs by Intel.
Below are the largest 10 Israeli tech M&As we reported on in 2019:
$6.9 billion: Nvidia acquired Israeli chipmaker Mellanox Technologies in March, beating Intel to the punch. Two months earlier, Calcalist reported that Intel made a $6 billion offer for the chipmaker. Read more
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