SimiGon News
4 articles
growth-positive
Power Breezer and SimiGon Merger closes to form Maxify Solutions, Inc.
Maxify Solutions, Inc has completed its merger with SimiGon Inc, combining their capabilities in cooling solutions and simulation software for the e-commerce fulfillment industry. The merger will enhance Maxifys offerings in the e-commerce logistics space and accelerate the delivery of innovative solutions. SimiGon will become a US-owned company under Maxify, and their products will continue to be marketed under the SimiGon brand. The integration of SimiGons software capabilities with Maxifys hardware capabilities will address the gaps in modern fulfillment centers and improve productivity and safety metrics. The merger is expected to have a positive impact on Maxifys growth.
AcquisitionPartners
SimiGon wins US Air Force contract for de-icing simulator
growth-positive
SimiGon wins $0.8m contract with an UAS provider
SimiGon has won a contract with an unmanned aircraft systems provider to supply training system technology for three years for $0.8m. The deal is expected to contribute to SimiGons revenues for 2016 and beyond. This contract demonstrates SimiGons capability to support the rapidly growing UAS training sector.
Partners
growth-positive
SimiGon raises ₤5.3m on AIM
SimiGon Training Solutions Ltd. has raised $10 million in an IPO on the Londons Alternative Investment Market (AIM) at a company value of $60 million. The company designs technologies for Internet/Intranet aviation training solutions. The IPO was supported by investors including SimCity founder James Braun, Israel Aircraft Industries Ltd. (IAI), RHI Holdings, Samurai Ventures, G. Poran Holding, SimiGon CEO Amos Vizer, and Rami Weitz. SimiGon posted a net profit of $1 million on $3.7 million revenue in the first half of 2006.
Public TradingInvestment
