M&A Deal Summary

Global Fintech Holdings Acquires Micronet

On December 20, 2018, Global Fintech Holdings acquired technology hardware company Micronet from Tingo Group

Acquisition Highlights
  • This is Global Fintech Holdings’ 1st transaction in the Technology Hardware sector.
  • This is Global Fintech Holdings’ 1st transaction in Israel.

M&A Deal Summary

Date 2018-12-20
Target Micronet
Sector Technology Hardware
Buyer(s) Global Fintech Holdings
Sellers(s) Tingo Group
Deal Type Divestiture

Target

Micronet

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

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Buyer(S) 1

Buyer

Global Fintech Holdings

United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

Global Fintech Holdings Ltd. is a provider of technological services. Global Fintech Holdings comprises of three divisions ParagonEx , Brookfield Interactive (HK), and MICT.


DEAL STATS #
Overall 3 of 3
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Brookfield Interactive

Cheshire, United Kingdom

Brookfield Interactive (Hong Kong) Ltd. is a technology, content and services company with a focus on the Chinese lottery, sports and gaming markets.

Buy -

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 2 of 2
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Israel M&A 2 of 2
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 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.

Sell $5M