Israeli private equity firm FIMI Opportunity Funds has reportedly signed an agreement to acquire a 50% stake of airborne surveillance and missile protection systems firm BIRD Aerosystems.
The stake was valued at USD40 million, according to Israeli business newspaper Globes , and confirmed by a BIRD Aerosystems spokesperson.
In comments to Globes , FIMI executives highlighted the potential market growth for BIRD Aerosystems as well as the opportunities provided by the investment to help the company increase its market share as reasons for their investment.
BIRD Aerosystems develops, manufactures, and integrates a range of surveillance, self-defence, and mission management tools for use on aircraft and vehicles.
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