Ashot Ashkelon Overview
Ashot Ashkelon supplies technologically advanced systems and components for the aerospace, defense, and automotive industries. The company specializes in manufacturing a broad range of gears and shafts for OEM jet engine producers. The shafts are constructed from a variety of materials, including steel, titanium, and nickel-based superalloys. Ashot has the necessary facilities and equipment to develop, produce, and assemble a myriad of systems, subsystems, and components under one roof. Its manufacturing capabilities include production engineering, machining, gear cutting and finishing, deep-hole drilling and boring, heat treatments, NDT, surface finishing, and quality assurance.
Latest News
growth-negative
FIMI buys Ashot Ashkelon stake from Elbit Systems for $88m
Israeli defense electronics company Elbit Systems has signed a definitive agreement to sell its 85% stake in Ashot Ashkelon to Israeli private equity firm FIMI Opportunity Funds for $88 million. The overall company valuation is $103.5 million. Elbit Systems aims to focus on its core areas of business and sees the sale as consistent with its strategy. FIMI Opportunity Funds specializes in acquiring and enhancing industrial and service companies. Elbit Systems gained control of Ashot Ashkelon three years ago but was unable to acquire the remaining 15%. The sale allows Elbit Systems to merge Ashot Ashkelon into its overall operations.
Acquisition
growth-positive
Springfield company lands 'first ever' partnership with Israeli firm
Springfield manufacturer Tool Tech LLC has secured a partnership with Israeli defense manufacturer Ashot Ashkelon Industries, making it the first Miami Valley company to be awarded a contract with the Israeli defense company. The partnership aims to encourage the growth of Dayton-area businesses in foreign military sales. The Foreign Military Financing Program, hosted by Montgomery County, the Dayton Development Coalition, and the Dayton Region Israel Trade Alliance (DRITA), will provide information and support for businesses interested in securing contracts with the Israeli Ministry of Defense. DRITA will host an annual information seminar for the program.
Partners
growth-positive
אלביט רוכשת את חברת תעש מערכות בסכום של 1.8 מיליארד שקלים
The Israeli government has approved the sale of state-owned defense company IMI Systems to Elbit Systems for 1.8 billion shekels. This decision, initially made in 2013, was finalized after a competitive process where Elbit emerged as the sole candidate. As part of the agreement, Elbit will relocate its operations from Ramat Hasharon to the Negev, facilitating the development of thousands of housing units in high-demand areas and boosting employment in the Negev region. The deal also includes provisions to maintain competition among Israeli defense industries and protect the Ministry of Defense as a key customer. The move is expected to strengthen the local economy and defense sector.
Acquisition
growth-positive
Elbit Systems to acquire IMI Systems for NIS 1.8b
Israels Ministry of Finance has reached an agreement with Elbit Systems for the privatization of Israel Military Industry (IMI) Systems. Elbit Systems will acquire IMI Systems for NIS 1.8 billion, with an additional NIS 100 million depending on financial results. As part of the deal, Elbit Systems will vacate its headquarters and other plants, allowing for the development of new homes in high demand areas. The transfer of the plants to the Negev region will also strengthen industry and employment in the area. The decision to privatize IMI Systems was made in 2013, and Elbit Systems was the only company interested in the acquisition.
AcquisitionExpand
growth-positive
Hybrid-Electric Propulsion For Rotax
An innovative hybrid propulsion system (HPS) for light aircraft is being unveiled at the Paris Air Show. The HPS was developed by an international consortium headed by Israels Ashot Ashkelon, Italian light aircraft developer CFM Air, and Italian hybrid propulsion.
Partners
| Sector | Aerospace, Defense & HLS |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Public |
| Rounds | 1 |
| Investors | 0 |
Team Members
6
Employees: 51-200
Web & Social Links
| Website | ashot.co.il |
| Careers | Careers page |
Locations
Ezra St 1, Ashkelon, Israel
Photos & Videos
1 item(s)
