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Elbit to acquire division of Nice for up to $157.9 M

Elbit Systems Ltd, headquartered in Haifa Israel has signed an agreement to acquire Nice Systems Ltd.'s Cyber and Intelligence division for a total amount of up to $157.9 million, subject to certain customary adjustments. Out of the total amount, $117.9 million will be paid in cash at the time of the closing, expected to take place in the third quarter of 2015, subject to certain closing conditions. An additional amount of up to $40 million will be paid as earn-out, based upon the future business performance of the acquired division's activities.

Business News

Crowds gather for the Turin Shroud Exposition

photo credit www.sindone.org

Protecting the Holy Shroud

It is estimated that more than two million pilgrims will be in Turin for the Exposition of the Shroud which is taking place in the city’s cathedral from 19 April to 24 June, 2015. As it did in 2010 for this extraordinarily wide-reaching event, the Enzo Hruby Foundation, in collaboration with Samsung Techwin, is once again providing support to protect the relic and the route taken by visitors by utilising the latest generation of video surveillance technology.

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