Israeli security company Magal hires new VP of mergers and acquisitions

Magal Security Systems has named Rinat Gazit as vice president of mergers and acquisitions. Prior to joining Magal, Gazit led the M&A department of Shikun & Binui of the Arison Group. She also served as a vice president at Poalim Capital Markets. Based in Israel, Magal is a provider of solutions and products for physical and cyber security, safety and site management.

PRESS RELEASE

YAHUD, Israel, January 14, 2014 /PRNewswire/ –
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) announced the appointment of Mrs. Rinat Gazit as Vice President – Mergers and Acquisitions, to further implement its strategy to grow the company’s business.
Rinat Gazit has over 13 years of business experience in the international arena, with a background in large transactions in the natural resources, energy and water sectors, as well as with IPOs.
Mrs. Gazit previously headed the M&A department of Shikun & Binui of the Arison Group, served as a V.P. at Poalim Capital Markets, leading large mergers and acquisitions and private equity investments and held various senior positions within the Beny Steinmetz Group in Israel.
Mrs. Gazit holds an M.B.A. degree from the Recanati Business School in Tel Aviv University and Bachelor degrees in Political Science and Sociology and Anthropology from Haifa University.
Eitan Livneh, President and CEO of Magal S3, commented: “We welcome Rinat to our company and management team, where she will play a key role in leading our strategic plan to diversify and expand our business.”
About Magal S 3
Magal S3 is a leading international provider of solutions and products for physical and cyber security, safety and site management. Over the past 42 years, Magal S3 has delivered tailor-made solutions and turnkey projects to hundreds of satisfied customers in over 80 countries in some of the world’s most demanding locations.
Magal S3 offers comprehensive integrated solutions for critical sites, managed by Fortis 4G – our 4th generation cutting edge Physical Security Information Management system (PSIM). The solutions leverage our broad portfolio of homegrown Perimeter Intrusion Detection Systems (PIDS), advanced outdoors CCTV / IVA technology and Cyber Security solutions.

 

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