Major international acquisitions of Israeli companies in May reaffirmed Israel’s moniker as the “Start-Up Nation.”
Some of the Israeli companies which were sold last month, as reported by Israel21c, include:
- Frutarom, the Haifa-based fragrance and flavor company purchased by International Flavors & Fragrances of New York for $7.1 billion
- BriefCam, the Modiin-based video review, search, and analysis tech pioneer purchased by Japanese imaging and optical products giant Canon
- Velostrata, the Netanya-based workload cloud migration company purchased by Google
- Avgol Industries, the Tel Aviv-based manufacturer of ultra-lightweight non-woven materials for the hygiene industry now majority-controlled by Bangkok’s global chemical producer, Indorama Ventures
According to Central Bureau of Statistics numbers released at the end of May, there were 4,362 functioning startups in Israel by the end of 2016, which employed 27,500 people.
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