Elbit Systems to Acquire Pearls of Wisdom Advanced Technologies

Elbit Systems has signed a contract to buy Pearls of Wisdom Advanced Technologies for $18 million. The deal will be carried out by a subsidiary of Elbit Systems.

Based on a road map contracted by Elbit Systems and existing investors, the investment will be executed in various phases over many years.

Israel-based Pearls of Wisdom firm manufactures micro-sensors for intelligence congregation to gain terrain supremacy. Elbit Systems has recently purchased two Brazilian defense firms, Periscopio Equipamentos Optronicos, and Ares Aeroespecial e Defesa. These companies produce defense electronics solutions, and deliver a wide variety of systems to the Brazilian military and other South American markets.

Source: http://www.elbitsystems.com

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