M&A Deal Summary

Coolisys Technologies Acquires Enertec Systems

On January 2, 2018, Coolisys Technologies acquired electrical equipment company Enertec Systems from Tingo Group for 5M USD

Acquisition Highlights
  • This is Coolisys Technologies’ 1st transaction in the Electrical Equipment sector.
  • This is Coolisys Technologies’ largest (disclosed) transaction.
  • This is Coolisys Technologies’ 1st transaction in Israel.

M&A Deal Summary
Date 2018-01-02
Target Enertec Systems
Sector Electrical Equipment
Buyer(s) Coolisys Technologies
Sellers(s) Tingo Group
Deal Type Divestiture
Deal Value 5M USD

Target

Enertec Systems

Karmiel, Israel
Enertec Systems Ltd. is a manufacturer of specialized electronic systems for the military market. Enertec Systems was founded in 2001 and is based in Karmiel, Israel.

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Buyer(S) 1

Buyer

Coolisys Technologies

Fremont, California, United States
Category Company
Founded 2017
Sector Information Technology
DESCRIPTION

Coolisys Technologies, Inc. is a technology-based solutions where innovation is the main driver for mission-critical applications and lifesaving services. Coolisys Technologies was founded in 2017 and is based in Fremont, California.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Israel) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Tingo Group

Montvale, New Jersey, United States
Category Company
Founded 2002
Sector Technology Hardware
Employees797
Revenue 146M USD (2022)
DESCRIPTION

Tingo Group is a designer, developer, manufacturer, and marketer of rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments. Tingo Group was founded in 2002 and is based in Montvale, New Jersey.

DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 2
Country (Israel) 1 of 2
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Novatel Wireless - Telematics business

United States

Novatel Wireless - Telematics business is a provider of communication services.

Buy $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Micronet

Azur, Israel

Micronet Ltd. is a manufacturer and marketer of rugged mobile computing devices. Micronet is based in Azur, Israel.

Sell -
Mergr

Product

Company

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