Asseco's 46.3% shareholding Formula Systems, which is listed in Tel Aviv and on NASDAQ in New York, has announced an acquisition in the area of IT systems for command, control, intelligence and cybersecurity. Together with Israel Aerospace Industries (IAI), which purchased the remaining 50%, the company acquired the Israeli company TSG, whose clients include amongst others the Israeli Police and Armed Forces. For their stakes, both IAI and Formula Systems paid USD 25m/c. PLN 103m each. Israel

18 Jan 2016
Formula Systems acquires 50% stake in a provider of defence & security solutions

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Formula Systems acquires 50% stake in a provider of defence & security solutions
Asseco Poland S.A. (0LQG:LON) | 0 0 0.0% | Mkt Cap: 1,054m
- Published:
18 Jan 2016 -
Author:
Adrian Kowollik -
Pages:
2 -
Asseco's 46.3% shareholding Formula Systems, which is listed in Tel Aviv and on NASDAQ in New York, has announced an acquisition in the area of IT systems for command, control, intelligence and cybersecurity. Together with Israel Aerospace Industries (IAI), which purchased the remaining 50%, the company acquired the Israeli company TSG, whose clients include amongst others the Israeli Police and Armed Forces. For their stakes, both IAI and Formula Systems paid USD 25m/c. PLN 103m each. Israel