Magal Security Systems
Magal Security Systems Ltd. is an international provider of physical security solutions, services and products. 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]
| Type | Public (NASDAQ: MAGS),(TASE: MAGS) |
|---|---|
| Industry | Security |
| Founded | 1969 |
| Founder | Israel Aerospace Industries |
| Headquarters | , |
Area served | World wide |
Key people | CEO: Dror Sharon |
| Products | Perimeter protection systems, Motion detectors, Command and control systems |
| Services | Infrastructure security Airport security Port security |
| Revenue |  US$ 88.59 million (2011) |
| US$ 9.81 million (2011) | |
| US$ 9.84 million (2011) | |
Number of employees | 279 (2011) |
| Website | magalsecurity.com |
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]
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