Magal Security Systems

Last updated
Magal Security Systems Ltd.
Type Public (Nasdaq:  SNT),(TASE:  SNT)
Industry Security
Founded1969
Founder Israel Aerospace Industries
Headquarters,
Area served
World wide
Key people
CEO: Dror Sharon
ProductsPerimeter protection systems, Motion detectors, Command and control systems
Services Infrastructure security
Airport security
Port security
RevenueIncrease2.svg US$ 88.59 million (2011)
Increase2.svg US$ 9.81 million (2011)
Increase2.svg US$ 9.84 million (2011)
Number of employees
279 (2011)
Website https://senstartechnologies.com

Magal Security Systems Ltd. is an international provider of physical security solutions, services and products.[ clarification needed ] Magal's systems are installed worldwide, in airports, borders, nuclear facilities, military bases, communications centers, maximum security prisons, governmental facilities and other sensitive installations. [1]

Contents

Magal has subsidiary companies in the USA, Canada, Mexico, England, Germany, Romania, Kenya and an office in China.

Magal is publicly traded on the Nasdaq and Tel Aviv Stock exchanges under the symbol MAGS. The company shares are held by Mira Mag, Inc. (23%) and by the public (77%).

Corporate History

Magal Security Systems Ltd. was founded in 1969 as a department of the Israel Aerospace Industries (IAI). In 1984 Magal was established as a private company, with 26% of the shares still held by IAI. [2]

In 1993 the Initial public offerings of Magal was made on the NASDAQ National Market in the USA (the company's symbol being MAGS). A second stock offering was made in 1997. [3]

On Feb 8, 2021, Magal announced the sale of its projects division to Aeronautics Ltd., a Subsidiary of Rafael Advanced Defense Systems Ltd. [4]

As of July 1, 2021, the publicly traded entity is now known as Senstar Technologies, with its NASDAQ name changed to SNT. [5]

Related Research Articles

Nasdaq American stock exchange

The Nasdaq Stock Market is an American stock exchange based in New York City. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S. stock and options exchanges.

An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as floating, or going public, a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded.

Ticker symbol Abbreviation used to uniquely identify publicly traded shares or cryptocurrencies

A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, Ticker symbols are basically arrangements of symbols or characters that are generally English letters representing specific assets or securities listed on a stock exchange or traded publicly. A stock symbol may consist of letters, numbers or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker tape of a ticker tape machine.

Nasdaq Nordic Swedish-based subsidiary of Nasdaq, Inc.

Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe.

TradeStation Group, Inc. is the parent company of online securities and futures brokerage firms and trading technology companies. It is headquartered in Plantation, Florida, and has offices in New York; Chicago; Richardson, Texas; London; Sydney; and Costa Rica. TradeStation is best known for the technical analysis software and electronic trading platform it provides to the active trader and certain institutional trader markets. TradeStation Group was a Nasdaq GS-listed company from 1997-2011, until acquired by Monex Group, a Tokyo Stock Exchange listed parent company of one of Japan's leading online securities brokerage firms.

Singapore Exchange Investment holding company in Singapore

Singapore Exchange Limited is an investment holding company located in Singapore and provides different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation.

Israel Aerospace Industries Aerospace and defense manufacturer

Israel Aerospace Industries or IAI (תע"א) is Israel's major aerospace and aviation manufacturer, producing aerial and astronautic systems for both military and civilian usage. It has 15,000 employees as of 2018. IAI is completely state-owned by the government of Israel.

Elbit Systems Israeli defense electronics company

Elbit Systems Ltd. is an Israel-based international defense electronics company engaged in a wide range of programs throughout the world. The company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (C4ISR), unmanned aircraft systems (UAS), advanced electro-optics, electro-optic space systems, electronic warfare suites, signal intelligence (SIGINT) systems, data links and communications systems and radios.

Nasdaq, Inc. American multinational financial services corporation

Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and seven European stock exchanges: Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, and Nasdaq Vilnius. It is headquartered in New York City, and its president and chief executive officer is Adena Friedman.

Tracking stock, also known as letter stock and targeted stock, is a specialized equity offering issued by a company that is based on the operations of a wholly owned subsidiary of a diversified firm. Therefore, the tracking stock will be traded at a price related to the operations of the specific division of the company being "tracked". Tracking stock is typically limited, or has no voting rights. Often, tracking stock is issued to separate a high-growth division from its parent company, while the parent company and its shareholders remain in control of the subsidiary's operations.

Jamaica Stock Exchange Jamaican stock market index

The Jamaica Stock Exchange is the principal stock exchange of Jamaica, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica. Today, the JSE is one of the largest stock exchanges in the Caribbean by size and market capitalization. As of September 30, 2019, there is a total number of 85 companies and 120 securities listed to the JSE, and a market capitalization of just over JM$2 trillion. The Jamaica Stock Exchange is composed of multiple markets: Main Market, Junior Market, USD Market, and Bond Market. The JSE is also recognized as one of the most sector-diverse exchanges in the Caribbean. The key sectors include banking and finance, retail, manufacturing, insurance, leisure, communications, conglomerate, and services and real estate. The current chairman is Ian McNaughton and the Deputy Chairman is Gary Peart. The Managing Director is Marlene Street Forrest.

Velti is a mobile marketing company offering its solutions to major mobile operators and brands. The company was founded in 2001, went public in London in 2006 and NASDAQ in 2011. In 2013 Blackstone, one of the largest private equity groups with more than $300 billion under management acquired the assets of Velti and the company was taken private.

HD Supply is an industrial distributor in North America. The company provides a broad range of products and value-added services to approximately 500,000 professional customers in maintenance, repair and operations, infrastructure and power and specialty construction sectors. The company was re-acquired by The Home Depot in December 2020.

Given Imaging

Given Imaging is an Israeli medical technology company that manufactures and markets diagnostic products for the visualization and detection of disorders of the gastrointestinal tract. Until March 2014, it was dual-listed on both the NASDAQ and the Tel Aviv Stock Exchange, where it was a component of the TA-100 Index and the TA BlueTech Index. In March 2014 it was acquired by Covidien and became a private company. In 2015 Covidien was purchased by Medtronic.

Tower Semiconductor Integrated circuit manufacturer

Tower Semiconductor Ltd. is an Israeli company that manufactures integrated circuits using specialty process technologies, including SiGe, BiCMOS, SOI, mixed-signal and RFCMOS, CMOS image sensors, non-imaging sensors, power management (BCD), and non-volatile memory (NVM) as well as MEMS capabilities. Tower Semiconductor also owns 51% of TPSCo, an enterprise with Nuvoton Technology Corporation Japan (NTCJ).

RADA Electronic Industries Ltd. is a global defense technology company focused on proprietary radar and legacy avionics systems. The company, which includes RADA Electronic Industries and its U.S-based subsidiaries, engages in the development, manufacture, and sale of systems designed primarily for the defense and aerospace markets. Its product lines include tactical radars, inertial navigation systems and avionics systems. It offers software-defined, tactical radars for enhanced survivability of stationary and on-the-move operations. Founded in 1970, RADA Electronic Industries Ltd. has been traded on the NASDAQ Capital Market since 1985.

Nova Ltd. is a publicly traded company, headquartered in Israel, a provider of metrology devices for advanced process control used in semiconductor manufacturing. Shares of the company are traded on the NASDAQ Global Market and on the Tel Aviv Stock Exchange.

Caesarstone Ltd., or Caesarstone, is a publicly traded company that engages in the production and marketing of quartz surfaces used for kitchen countertops, vanity tops, flooring, wall cladding and general interior design. The company was founded in 1987 and is traded on the NASDAQ in New York (CSTE). Headquarters are located in Kibbutz Sdot Yam in Israel, and its production facilities are in Israel and the USA. Its products are sold in approximately 50 countries around the world through a network of 6 subsidiaries and numerous distributors.

Norwegian Cruise Line Holdings (NCLH) is a holding company that is domiciled in Bermuda and based in the United States. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange. It has never had any connection with Norway, although its subsidiary Norwegian Cruise Line did, at its inception.

Futu Holdings Limited operates as a holding company in digitized brokerage and wealth management platform in China, Hong Kong, the United States, and internationally. The largest investor of Futu as of 2019 is Tencent. Founder Leaf Li is a former employee of Tencent. The company originally traded as NASDAQ symbol FHL, but changed to FUTU.

References

  1. Company profile, SourceSecurity.com
  2. BusinessWeek Magal company profile
  3. Magal IPO on Nasdaq
  4. "Magal Security Systems Announces Sale of its Projects Division to Aeronautics Ltd., a Subsidiary of Rafael Advanced Defense Systems Ltd". finance.yahoo.com. Retrieved 2021-02-08.
  5. "PR News Wire".