TEL AVIV (Information) – The worth of mergers and acquisitions in Israel in 2019 fell 6% to $20.four billion although the variety of offers rose 34% to 166, in response to a report launched by Pricewaterhouse Coopers on Monday.
The worth of offers in 2018 was boosted by the acquisition of Frutarom by Worldwide Flavors & Fragrances for $7.1 billion.
PwC Israel mentioned the worth of “mega offers” in 2019 was extra modest, highlighting the Orbotech acquisition by KLA-Tencor Corp for $three.four billion and of Chevron North Sea by Delek Group for $2 billion as distinguished offers this yr.
Excessive tech led with $9.1 billion in deal worth.
“The Israeli M&A market is just not displaying any indicators of slowing down,” PwC Israel companion Liat Enzel-Aviel mentioned.
She famous that Nvidia’s acquisition of Mellanox, Intel’s buy of Habana Labs and Baring Non-public Fairness Asia’s acquisition of Lumenis — with a mixed worth of about $10 billion — are all anticipated to shut in early 2020.
Reporting by Tova Cohen; Modifying by Steven Scheer