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Makhteshim Agan Industries, Israel's main producer and importer of crop protection chemicals, acquired ownership of the German company Feinchemie for 24 million Euro. Makhteshim will in all likelihood pay an additional sum of 5 million Euro in accordance with the annual turnover of the German company, which markets generic pesticides. Feinchemie's sales totaled $40 million in 2001 - 60% in Germany and the balance in Western Europe. Angel Industries acquired a shopping center in Canada for some $19.6 million. The 32,000 square meter shopping center is situated 30 km outside of Montreal. The company, which is controlled by businessman Yaakov Angel, anticipates an estimated annual rental income of $2.29 million. The company's capital is estimated at approximately $31.25 million. The Israeli company, Attunity, a leader in business process, application and data integration, signed a contract with Consist International to sell $18 million worth of programs in South America, Germany and Spain. Consist, will have the exclusive right to market the programs in these areas for the next decade. Attunity develops integration programs that make it possible to incorporate business processes or services as well as external Web Services in a seamless manner. A group of investors headed by the Israel Corporation of the Ofer Bros. group, acquired the European Internet services firm PSINet for US$9.5 million in cash. The European company offers Internet-related services in the UK, France, Germany and other European countries. The deal was part of the overall sale of all 24 PSINet US' businesses; last year the company filed for Chapter 11 bankruptcy protection in June last year. The US Bankruptcy Court granted the company the requested bankruptcy protection. In addition to the Israel Corporation, the companies in the joint acquisition, were Infinity Holdings, ClearBlue Technologies, and British financier Michael Stevens. The Israelicompany NICE Systems won a tender to supply surveillance and early warning , put forward by one of the most important internal security institutions in the West. Because of the secrecy of the deal, neither the name of the country nor the size of the deal was not disclosed - only that the transaction was worth "millions of dollars." The company's modern systems were designed by information experts in response to demands by internal security institutions such as intelligence agencies, the offices of general prosecutors, police agencies, and others. NICE develops digital recording and retrieval systems of voice, video, and other information. The newest system, NiceTrack, is a comprehensive solution that enables retrieval, recording and monitoring of materials from various types of communications networks. A group of Israeli investors acquired leasing rights in an office project in London that stood empty for the past five years. The investment, including the cost of building renovation, totaled $2.2 million. The building will be turned into an apartment house, and the apartments will be sold and rented to people working in the area and to students at the nearby university. The Israeli company Alvarion, which develops broadband wireless access solutions (BWA), received an additional order totaling more than one million dollars from the large Spanish communications company Banda Ancha to provide communications systems developed by Alvarion. Banda Ancha currently provides communications services to 40 cities, and within three years, it hopes to expand its services to include 80% of Spain's residential and 94% of its businesses users. The American company Alliant Energy Corp. ordered close to 200 power systems to activate computers used for launching guided missiles for the US armyfrom the Israeli company Telcor Tel-Com . This is yet another order for Telcor from the US; in recent months the Israeli company has become one of the American army's largest suppliers of power systems. These systems are known for their unique sophistication that makes them very powerful with the ability to withstand harsh conditions and high temperatures. This week the Israeli Teva Pharmaceuticals launched its Copaxone Prefilled Syringe in the US; the product is unique because it can be stored for up to seven days at room temperature. Experts believe that most multiple sclerosis patients who are currently treated with Copaxone will prefer the prefilled syringe because it is more convenient and offers a better quality of life. Among competitors, only Saronno (symbol SRA) provides a similar solution. The Israeli company Oridion (symbol NSWX Oridion) that develops technologies for the diagnosis of medical conditions through non-invasive breath analysis, launched its BreathID® Breath Test System in several European countries this week. This was made possible after the Israeli company received the European CE seal, which is equivalent to the FDA authorization. The system makes it possible to detect the presence of the H. pylori bacteria, which is the major cause of peptic ulcers and gastric cancer. BreathID was approved for marketing in the US in July 2001.
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