June 19, 2015

"This deal does not only mark the highest tech-exit from Israel this year, but also highlights an underlying relationship that has been developing recently between China and the Jewish State."

Shalom Life Israeli medical technology developer Lumenis has been acquired by Chinese investment fund XIO Group for $14 per share, or an aggregate $510 million, making it the highest tech exit for an Israeli company so far this year. By B. Shane Morganstein

'The XIO Group paid a 16% premium on the NASDAQ-listed Lumenis' closing price on Wednesday, and a 20% premium on its IPO price from early 2014.

'"This acquisition is a strong recognition and vote of confidence in Lumenis' achievements and its employees, and I am excited about the future prospects of Lumenis," said Lumenis CEO Tzipi Ozer-Armon.

'Lumenis' main areas of research are in laser technology, intense pulsed light, and radio frequency.

'"We have created a very bright and promising future for Lumenis," continued the CEO, "by building a robust pipeline of innovative products, a strong sales team in each region, and by enhancing our global brand recognition. I am confident that we will continue to thrive and reach new heights together with XIO Group."'

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