Marom Dolphin News
2 articles
growth-positive
FIMI in talks to buy 50% of defense co Marom Dolphin
Israeli private equity firm FIMI Opportunity Funds is nearing the acquisition of a 50% controlling stake in Israeli defense company Marom Dolphin. The deal is expected to value Marom Dolphin at NIS 250-300 million. Marom Dolphin, which develops and manufactures tactical carrying solutions for armed forces, has seen increased orders from the Israel Defense Forces. The companys products include advanced vests, tactical helmets and armor, tactical cameras and robotic systems for heavy loads. FIMI has previously acquired control of many companies in the defense industry.
AcquisitionInvestment
growth-positive
Israel's Marom Dolphin to supply body armor vests and helmets to Philippine Navy
Israeli company Marom Dolphin has won a contract to supply the Philippine Navys Marine units with thousands of personal body armor vests and helmets. The company received a notification in August from the Philippine Ministry of Defense about winning the tender worth approximately $10.5 million for the supply of 7,491 body armor vests and 9,528 helmets. Marom Dolphins main competitors in this tender were MKU Ltd. from India and Welcron Co. Ltd. from South Korea.
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