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]

Magal Security Systems Ltd.
Public (NASDAQ: MAGS),(TASE: MAGS)
IndustrySecurity
Founded1969
FounderIsrael Aerospace Industries
Headquarters
Yahud
,
Israel
Area served
World wide
Key people
CEO: Dror Sharon
ProductsPerimeter protection systems, Motion detectors, Command and control systems
ServicesInfrastructure 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)
Websitemagalsecurity.com

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]

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