Magal Security Systems Announces Filing Of 2020 Annual Report
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YEHUD, Israel, April 26, 2021 /PRNewswire/ Magal Security Systems, Ltd. (Nasdaq: MAGS), a leading international provider of comprehensive physical, video and access control security products and solutions, as well as critical site management, announced that earlier today it filed its annual report containing audited consolidated financial statements for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission.
Please note that certain of the unaudited financial numbers included in our earnings release dated April 6, 2021 have been updated in the annual report to reflect certain audit adjustments.
Magal Security Systems Ltd Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Aeronautics buys Magal s integrated solutions activities
Magal, controlled by FIMI, will now focus on four key areas: energy, logistics, critical infrastructure and correctional facilities.
Israeli unmanned aerial systems developer Aeronautics Group, a unit of Rafael Advanced Defense Systems Ltd., has announced that it is acquiring the integrated solutions (projects) division of Israeli company Magal Security Systems Ltd. (Nasdaq: MAGS; TASE: MAGS), including all the division s global operations and subsidiaries. No financial details were disclosed.
The acquisition will extend Aeronautics Group s operations in the defense, and homeland security markets. The acquisition is expected to be completed in the second quarter of 2021, and is subject to customary closing conditions, including regulatory approvals.
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