JTA NEWS
25 September 2017 - 5 Tishri 5778 - ה' תשרי ה' אלפים תשע"ח
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Japanese firm acquires Israeli pharmaceutical company NeuroDern Print E-mail

Israeli pharmaceuticals company NeuroDerm Ltd has been sold for US$$1.1 billion. The buyer is Japanese company Mitsubishi Tanabe Pharma Corporation (MTPC). The transaction is the largestever acquisition of an Israeli healthcare company, and one of the largest acquisitions of an Israeli company of any kind.

NeuroDerm is a clinicalstage pharmaceutical company developing drug-device combinations for central nervous system (CNS) disorders. The acquisition by MTPC has received unanimous approval by NeuroDerm’s board of directors. Assuming typical regulatory and shareholder approval timeframes, NeuroDerm anticipates that the transaction will close in the fourth quarter of this year.

“We believe that this transaction will yield important benefits for NeuroDerm’s shareholders and the Parkinson’s disease patients who urgently need new therapies,” said Dr Oded Lieberman, CEO of NeuroDerm. “MTPC has demonstrated development and commercialisation expertise in the field of neurology and we are confident that the combination of their resources and the robust data supporting ND0612, our Phase III Parkinson’s disease product candidate, will help make this important new therapy available as broadly and rapidly as possible.”

(Issue Sep 2017)

 
Camtek sells its PCB business to Shanghai investment group E-mail

Israeli semi-conductor company Camtek Ltd recently signed a definitive agreement with an affiliate of Principle Capital, a Shanghai-based private-equity fund, to sell its printed circuit board (PCB) business for US$35 million.

Camtek CEO Rafi Amit said: “This agreement is in line with our long-term strategy. Camtek will become a pureplay semiconductor inspection and metrology-focused company, where we see many growth opportunities ahead. Our stronger balance sheet will also make it easier for us to explore synergetic acquisitions in our sector. Camtek as a semiconductor company will potentially present higher growth rates with improved gross margins.”

He added: “This agreement will enable Principle Capital to build a leading Asia based PCB inspection and metrology company, capitalising on our well-positioned PCB unit.”

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Autotalks expanding operations in Asia E-mail

Autotalks, the Israeli V2X (Vehicle to Everything) communication solutions developer, is expanding its operations with the opening of two offices in Japan and a third in South Korea. These offices will provide close local support to car manufacturers and automotive Tier-1 suppliers across Asia and the Pacific. Autotalks is continuing to expand these offices, and is hiring local staff.

Heading the company’s Asia-Pacific organisation and business operations is Ram Shallom, Autotalks’ VP of Business Development and Marketing Asia-Pacific, who relocated from the company’s headquarters in Israel to the new office in the Tokyo area. Shallom, who joined Autotalks three years ago, has over 10 years’ experience in international business development and marketing, as well as large-scale project and R&D management, while working very closely with the AsiaPacific region.

Autotalks’ office in Nagoya will provide R&D and technical support to customers and partners in Japan. It is headed by Gilad Meller, who has over eight years of experience in leading V2X R&D and managing customer V2X projects.

Hand-in-hand with Autotalks’ rapidly growing business in South Korea, a site in Seoul was recently established with the target of delivering R&D and technical support services to the company’s customers and partners in the country. Autotalks recently recruited Eunho Kim, a local Technical Manager with vast experience in V2X development, to its Seoul site.

Autotalks’ expansion into Asia was accelerated significantly in 2016 with the decision by DENSO, a Japanese electronics giant, to incorporate the company’s V2X chipset into the V2X platform it provides to car manufacturers. The mass production of the V2X solution, initially designed for the North American market, is expected to begin in 2019.

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IDE Technologies to build desalination plant in Taiwan E-mail

IDE Technologies, an Israeli producer of water treatment solutions technology, has been commissioned by Taiwanese firm Formosa Petrochemical Corporation (FPCC), which is engaged in the refining and distribution of oil products, to build its Seawater Reverse Osmosis (SWRO) desalination plant.

The desalination plant will be located at the Mai-Liao Power Corporation in Yunlin County, Taiwan, and will have a capacity of 105,000 m3/day. It will produce high-quality water for industrial applications.

IDE is providing Formosa with a solution that optimises the consumption of energy and chemicals, while also being highly cost-effective. The Taiwanese government recently reduced water rights for Formosa from natural sources to support agriculture, requiring the company to seek an independent water supply.

IDE’s solution in this new SWRO desalination plant will help the Mai-Liao Power Plant meet its water requirements and comply with the local regulations for the discharge of blowdown water.

This desalination plant will use IDE’s boron-removal system to be the world’s first to reach the extremely low and challenging boron concentration level requirement of less than 0.01 ppm. IDE will design the Formosa desalination plant, supply and install equipment, commission the plant, and supervise operation and maintenance for two years.

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Israel in Top 10 of global weapons sellers E-mail

Israel was rated in eighth place among the world’s leading sellers of weapons systems last year. In 2016, Israel’s four leading defence companies – Elbit Systems Ltd., Israel Aerospace Industries Ltd. (IAI), Rafael Advanced Defense Systems Ltd. and Israel Military Industries Ltd. (IMI) – had US$8.6 billion in sales to the defence market.

The ranking, by international accounting firm Baker Tilly, is based on figures from the US weekly, Defense News. The rating of the world’s 100 leading defence companies is based solely on their sales to the defence markets, and does not include civilian market sales and revenue.

Elbit Systems was the leading Israeli defence company in defence sales in 2016, although when civilian sales are included, IAI had larger sales. Elbit Systems was ranked 27th in the world in defence sales, while IAI was ranked 33rd.

According to Baker Tilly, Elbit Systems’ defence sales totalled US$3.1 billion in 2016, compared with US$2.6 billion for IAI. Rafael rose from 41st place in Baker Tilly’s international rankings for 2015 to 37th place for 2016, with US$2.3 billion in sales, up 17%, compared with the preceding year, making it one of the world’s fastestgrowing defence companies, according to Baker Tilly.

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