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 | | | Gemalto - A Commitment that Led to an Investment | Gemalto is a French software company specializing in digital security software. The company bid for and won tenders to provide smart ID cards and passports to Israel.
Even though the company was unfamiliar with the Israeli market, Gemalto undertook an Industrial Cooperation commitment as required, just because the prestige it would gain from issuing Israeli ID cards and passports is of great value, making it worth the effort.
As part of its efforts to fulfill its Industrial Cooperation obligation, Gemalto began acquiring the software services of the Israeli company Trivnet, in amounts well above the value of its commitment. In the end Gemalto acquired the Israeli company for $40 million.
Gemalto is currently examining the possibility of making Trivet a subsidiary and renaming it Gemalto Israel. |
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| |  | | | | GE was one of the first international companies to establish a presence in Israel, when General Engineers Ltd. was founded in 1950.
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1970: NBC Universal, a GE subsidiary providing news and feature stories, opens its Tel Aviv office. The office is currently NBC Universal’s largest in the region
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1997: GE established a 50/50 nuclear imaging partnership with Elscint, acquiring Elscint the following year
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1998: GE Medical Systems acquired Diasonics Ltd., Elbit’s diagnostic ultrasound business
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1998: GE opened its Tel Aviv office and made its initial investment in the Giza Fund
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2002: GE Medical Systems and child corporations merged into one company: GE Healthcare Israel Ltd.
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GE Healthcare Israel brought to market the world’s first miniaturized, portable cardiac ultrasound system.
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GE Healthcare Israel brought to market the first combined nuclear and CT imaging scanner using single photon emission computed tomography SPECT/CT imaging.
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GE Healthcare Israel developed a new generation CT reconstruction engine, which revolutionized workflow design with increased speed, image quality, and workflow flexibility.
Returns:
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For two consecutive years (1998-1999), GE was named the number one trading partner to the Industrial Cooperation Authority (ICA), totaling over $250 million of domestic procurement in 1999 alone.
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Israeli operations have evolved into global “centers of excellence” for GE Healthcare.
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GE Healthcare in Israel currently employs over 300 people.
Source: Invest in Israel - Investment Promotion Center |
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| |  | | | | "The level of education in Israel helped our expansion a lot. Israel’s ability to supply good scientists was a great help to us, as was the government’s positive attitude towards attracting investment.” Intel CEO Craig Barrett | Invested in Israel:
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In 1974, Intel established its first development center in Israel with an initial investment of $300,000 and a team of five workers.
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Intel purchased two local Israeli companies, DSPC for $1.6 billion cash and Dialogic for $780 million. In addition during 2004 Intel purchased Envara and in 2005 purchased Oplus.
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Intel Capital has invested over $100 million in dozens of Israeli start-up companies, which benefit from valuable strategic cooperation.
Highlights:
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Intel’s first design and development center outside the US.
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Intel's first facility for the manufacture of microprocessors and memory outside the US (1985).
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Intel made the largest investment ever made in Israel by a private company with a total investment of $1.8 billion in an Intel plant. $600 million was invested by the Israeli Government, under the Encouragement of Capital Investments Law.
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Intel has centers in seven locations throughout Israel and employs 6,100 Israelis in two manufactures sites and five research and development centers.
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Intel is in the process of upgrading its main Israeli plant at a cost of more than US $600 million.
Returns:
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Over the last five years, Intel's Israeli plants exported nearly US $8 billion and its design center developed many of Intel's processors including Intel's Centrino mobile technology, a world wide leading technology for laptops. Source: Invest in Israel - Investment Promotion Center
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| |  | | | Siemens begins investment in Israel in the mid 1990s. Investments have reached over $600 million, including investments in Ornet , RADNet, Flower, Savan and many others. | "Israeli companies are very successful, backed by years of experience, development and production of field equipment for the creation of solar energy," - Peter Loescher, president and chief executive of Siemens.
Invested in Israel:
§ Siemens AG (NYSE:SI; XETRA:SIE) provides leading-edge solutions in information and communication, automation and control, power, transportation, medical and lighting.
Highlights:
§ Siemens begins investment in Israel in the mid 1990s. Investments have reached over $600 million, including investments in Ornet , RADNet, Flower, Savan and many others.
§ In 2000, Siemens established the local subsidiary Siemens Israel
§ Siemens Israel has won significant orders (over $700 million) and consistently involves local industry in the projects.
§ January 2004, Siemens acquires Israeli hi-tech company eShip-4u to be merged with Siemens Israel.
§ May 2004, the Medical Solutions group invests in the Jerusalem based CADVision.
§ March 2004, Siemens Venture Capital invests in optical networking component vendor BroadLight.
§ July 2004, Siemens Venture Capital is established.
Returns:
§ Siemens employs some 500 people in Israel, of which about 150 in sales and project development for the Israeli market, and the rest in R&D and manufacturing for the Siemens portfolio.
§ Siemens Israel makes over $120 million worth of reciprocal procurements in Israel each year.
*Exchange rate: 1 USD = 0.766238 EUR 2/21/05
Source: Invest in Israel - Investment Promotion Center
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