Brief: Magal Security Systems Announces Sale Of Its Projects Division To Aeronautics Ltd, A Subsidiary Of Rafael

Senstar Technologies

08/02/2021 14:57

Feb 8 (Reuters) - Magal Security Systems Ltd  MAGS.O :
    * MAGAL SECURITY SYSTEMS ANNOUNCES SALE OF ITS PROJECTS
DIVISION
TO AERONAUTICS LTD, A SUBSIDIARY OF RAFAEL
    * MAGAL SECURITY SYSTEMS LTD - DEAL FOR APPROXIMATELY $35
MILLION
    * MAGAL -  FOLLOWING SALE OF PROJECTS DIVISION, THROUGH ITS
ISRAELI BASED HEADQUARTERS, WILL CONTINUE TO OPERATE ITS SENSTAR
PRODUCT DIVISION
    * MAGAL SECURITY SYSTEMS LTD - AS PART OF ACQUISITION,
AERONAUTICS
IS ALSO ACQUIRING MAGAL'S FACILITY IN YEHUD, ISRAEL

Source text for Eikon:  ID:nPn9nw7yba 
Further company coverage:  MAGS.O 

 ((Reuters.Briefs@thomsonreuters.com;))