Analyst Marks Six Public Israeli Tech Companies as Prospective M&A Targets
The Israeli market has seen at least four acquisitions valued at over $1 billion in 2018, making for an unusual year. Which company comes next?
Dror Reich | 12:55 08.11.2018
The Israeli market has seen at least four acquisitions valued at over $1 billion in 2018, making for an unusual year. Based on the analysis of these deals, investment house Oppenheimer & Co. spotted six public Israeli tech companies that can be a target for future acquisitions. The analysis was published late in October by Sergey Vastchenok, managing director at Oppenheimer.
For daily updates, subscribe to our newsletter by clicking here.In July, Nasdaq-listed KLA-Tencor Corporation announced the shareholders of Nasdaq-listed Orbotech Ltd., a manufacturer of testing machines for electronic parts, have approved its acquisition by the former. The deal, which values Orbotech at $3.4 billion, is expected to close by the end of the year.
The six Israeli companies the analysis singled out as potential targets for acquisitions are Nasdaq-listed Website-building company Wix.com; Nasdaq-listed information security company CyberArk Software Ltd.; Nasdaq-listed software company Varonis Systems Ltd.; Nasdaq-listed Information security company ForeScout Technologies Inc.; Nasdaq-listed smart energy company SolarEdge Technologies Inc.; and Nasdaq-listed cybersecurity company Radware Ltd.
Mellanox was also mentioned favorably.On Wednesday, CNBC reported that American semiconductor manufacturer Xilink Inc. has hired Barclays as an advisor on a bid to acquire Nasdaq-listed Israeli chipmaker Mellanox Technologies Ltd. The report followed an October report by that news agency, which stated that Mellanox has hired a financial advisor in response to takeover interest. Mellanox was also mentioned favorably by Vastchenok.