Magal Security Systems

Magal Security Systems Ltd.
Public (NASDAQ: MAGS),(TASE: MAGS)
Industry Security
Founded 1969
Founder Israel Aerospace Industries
Headquarters Yahud, Israel
Area served
 World wide
Key people
 CEO: Saar Koursh
Products Perimeter protection systems, Motion detectors, Command and control systems
Services Infrastructure security
Airport security
Port security
Revenue Increase US$ 88.59 million (2011)
Increase US$ 9.81 million (2011)
Increase US$ 9.84 million (2011)
Number of employees
 279 (2011)
Website www.magal-s3.com

Magal Security Systems Ltd. develops and manufactures perimeter intrusion detection systems. Magal's systems are installed in more than 75 countries worldwide, in airports, borders, nuclear facilities, military bases, communications centers, maximum security prisons, governmental facilities and other sensitive installations.[1]

Magal has subsidiary companies in the USA, Canada, Mexico, England, Germany, Romania 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]

See also

References

  1. ↑ Company profile, SourceSecurity.com
  2. ↑ BusinessWeek Magal company profile
  3. ↑ Magal IPO on Nasdaq
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