Friday, 15 January 2016

IAI and Formula Systems agree to acquire TSG for US$50 Million

Israel Aerospace Industries (IAI) and Formula Systems today announced that they have entered into a definitive agreement for the purchase of TSG - a subsidiary and the military arm of Ness Technologies, engaged in the fields of command and control systems, intelligence, homeland security and Cyber security.

Yossi Weiss, President & CEO of Israeli Aerospace Industries
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