Aeronautics Announces Acquisition of Magal Security Systems' Integrated Solutions Division, Including all its Operations and Subsidiaries

The acquisition is a major milestone in extending Aeronautics Group's activities in the field of HLS and advanced paramilitary markets.

YAVNE, ISRAEL, February 09, 2021 /24-7PressRelease/ -- Aeronautics Group - a leading provider of integrated turnkey solutions based on unmanned systems platforms, payloads and communications for defense and HLS markets - is acquiring the Integrated Solutions Division of Magal Security Systems, including all the division's global operations and subsidiaries. The acquisition is a major milestone in extending Aeronautics Group's operations further into additional military, HLS and advanced paramilitary markets. The acquisition is expected to be completed, 2021 second quarter, and is subject to customary closing conditions, including regulatory approvals.

"We are delighted that Magal's Integrated Solutions Division - a world leader in HLS and paramilitary security solutions - is joining Aeronautics Group, and becoming part of the Group's vast and proven solutions offering," says Moshe Elazar, CEO of Aeronautics Group. "Together with our synergy with Rafael and the defense companies in Stolero Group, the acquisition of Magal's Integrated Solutions Division is a power multiplier for the entire Group, both technologically and customers' range wise. Magal's Integrated Solutions Division acquisition is another step in providing a complete and flexible solution to customers of all around the world. "Over the years, Aeronautics Group has established itself as a leading group in the area of comprehensive integrated solutions for intelligence, surveillance and sensors. We welcome Magal as it joins the Group in a strategic move that combines the leading capabilities of Aeronautics and its subsidiaries with Magal's comprehensive solutions in the HLS field, continuing to establish and deepen the Group's specialization in this field."

"Magal's Integrated Solutions Division is a world leading international provider of solutions for the HLS markets," says Arnon Bram, General Manager of Magal's Integrated Solutions Division. "Over the past 45 years, we have delivered tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 100 countries, in different markets such as oil & gas, sea ports, air ports, critical infrastructure, safe cities, energy and more. I'm convinced that the collaboration between Magal's Integrated Solutions Division and Aeronautics Group will broaden the range of our advanced solutions and local support and increase our international footprint."

About Aeronautics Group
Aeronautics Group offers proven integrated turnkey solutions for multiple applications in the defense and HLS markets, including: unmanned systems, multiple sensors, big data exploitation and mission critical communications.

As a leader in the field of unmanned aerial systems, Aeronautics identifies its customers' operational needs and responds with innovative technological solutions. The Group's broad product portfolio offers comprehensive solutions for ISTAR and HLS missions, with demonstrated excellence in performance and operability. Backed by continuous research and development, these systems are built on decades of technological and operational experience. As part of Rafael Advanced Defense Systems, Aeronautics utilizes the technological synergy between the two companies - Rafael's advanced air, land and naval defense capabilities and Aeronautics' proven technologies - to strengthen its own status as a leading unmanned and autonomous solutions integrator.

For more information on Aeronautics Group, please visit the company's website: www.aeronautics-sys.com

About Magal Security Systems
Magal is a leading international provider of comprehensive physical, video and access control security products and solutions, as well as site management. Over the past 45 years, Magal has delivered its products and tailorâ?made security solutions and turnkey projects to hundreds of satisfied customers in over 100 countries â? under some of the most challenging conditions. Magal offers comprehensive integrated solutions for critical sites, managed by Fortis â? our cuttingâ?edge physical security information management system (PSIM). The solutions leverage our broad portfolio of homeâ?grown Perimeter Intrusion Detection Systems (PIDS), Symphony â? our advanced Video Management Software (VMS) with native Intelligent Video Analytics (IVA) security solutions.

For more information on Magal Security Systems, please visit the company's website: www.magalsecurity.com

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