Go to deals
Construction & Engineering Services

Nitzavim has been acquired by Ashtrom Group

Tedea Technological Development and Automation Ltd. has sold Nitzavim to Ashtrom Group Ltd.

Nitzavim is among the leading companies in Israel for the production, import, and marketing of construction products, mainly in the field of plaster construction. The company has one plant located in Ram Park, which contains storage areas and another state-of-the-art plant that manufactures hot-dip galvanized steel products: tracks, uprights, omegas for plaster walls and plaster corners for walls. It also has a facility for wrapping insulation materials imported from abroad, such as rock wool and glass wool. In addition to the production lines, Nitzavim imports and markets gypsum boards of various types and other construction materials that meet national standards.

Ashtrom Group, one of Israel’s leading construction and property companies, provides professional, comprehensive and all-inclusive solutions to its customers. The group has 20 subsidiaries and has been engaged in all aspects of construction and real estate for more than 50 years, both in Israel and worldwide.

Tedea Technological Development and Automation Ltd., through its subsidiaries, manufactures, imports, markets, and sells building products in Israel. It is also involved in managing and investing activities. The company was founded in 1969 and is based in Herzliya, Israel.

Oaklins’ team in Israel acted as sell-side advisor to Tedea Technological Development and Automation Ltd.

Parties

Talk to the deal team

 Lior  Pais

Lior Pais

Principal
Tel Aviv, Israel
Oaklins Rosario
 Boaz  Levi

Boaz Levi

Partner
Tel Aviv, Israel
Oaklins Rosario

Related deals

Sibelco has received strategic advisory related to the exit of a minority shareholder
Construction & Engineering Services | Other Industries

Sibelco has received strategic advisory related to the exit of a minority shareholder

SCR Sibelco has received strategic advisory related to the exit of a minority shareholder. Different options were considered. On 8 December 2023, Sibelco announced its intention to launch a share buyback program, via a tender offer, to acquire up to 18.94% of outstanding shares for a price of €6,850 per share and a total deal consideration of €609 million. The program offered liquidity optionality to the exiting shareholder, as well as other minority shareholders looking forward to crystallizing some value. Sibelco is delighted to pursue with its ambitious mid-term growth plan thanks to a refocused shareholder register and the support of the founding families. Further information on the transaction can be found in the prospectus of the tender offer.

Learn more
Arbo Windows becomes the leading wooden windows producer in the Baltics by acquiring Arlanga Wood
Construction & Engineering Services

Arbo Windows becomes the leading wooden windows producer in the Baltics by acquiring Arlanga Wood

Arbo Windows, a leading Latvian producer of wooden windows and doors, has acquired Arlanga Wood, a leading Lithuanian producer of wooden windows and doors, creating the largest wooden windows producer in the Baltic states. The combined group has over 200 employees and generates over US$20 million of annual revenues.

Learn more
Gateway Dealer Network has been acquired by Tuckahoe Holdings
Private Equity | Construction & Engineering Services

Gateway Dealer Network has been acquired by Tuckahoe Holdings

Brightstar Capital Partners has sold Gateway Dealer Network (GDN) to Tuckahoe Holdings.

Learn more