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Stern Engineering

Touch-free Faucets, Soap Dispensers, and Flush Valves
Startup Acquired Founded 1989 Industrial Technologies
Last Update Sep 7, 2024

Stern Engineering News

1 article
Jan 22, 2019 · en.globes.co.il
growth-positive
FIMI buys 70% Stern Engineering stake
FIMI Opportunity Funds is acquiring 70% of Stern Engineering for $34 million, reflecting a $49 million valuation for the company. The founders of Stern Engineering will retain 30% of the shares and continue to manage the company. Stern Engineering develops and manufactures electronic sanitation products and sells them in over 80 countries. FIMI Opportunity Funds is Israels first and largest private equity fund with $5 billion in managed assets.
Acquisition