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May 7, 2014
07:16 EDTMICTMicronet Enertec acquires a Beijer Electronics U.S. division for $6.5M
Micronet Enertec subsidiary Micronet Ltd. signed a definitive agreement to acquire the Mobile Resource Management/FM business division of U.S.-based Beijer Electronics, a wholly owned subsidiary of Beijer Electronics, a Swedish publicly traded corporation. Closing of the deal is expected by mid-June. Micronet will pay $6.5M in cash plus up to $1.3M for necessary inventory As part of the transaction, MRM/FM division employees will join Micronet. Beijer's MRM/FM generated approximately $11M in 2013.
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November 18, 2015
07:55 EDTMICTMicronet Enertec CEO sees Q4 revenue up 60% over Q3
Micronet Enertec CEO David Lucatz stated, "MRM backlog grew considerably throughout the third quarter as customers embraced our new product line, and we anticipate 60% plus revenue growth over Q3 and improved gross margin performance in Q4 as orders are shipped. Furthermore, we have reduced our expenses throughout the year." "Hence, we expect improved financial results in Q4 as we realize sequential revenue growth and control costs." "With the momentum in our business, favorable macro trends, and focus on driving margin improvement, we anticipate strong revenue growth and net profitability in 2016 and coming years."
07:52 EDTMICTMicronet Enertec reports Q3 EPS (22c) vs. (9c) last year
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November 13, 2015
08:31 EDTMICTMicronet Enertec receives $1.85M order for development of Mobile Command Center
Micronet Enertec announced that its wholly-owned subsidiary, Enertec Systems, has received an initial $1.85M purchase order for the development and manufacture of a Mobile Command & Control Center from an Israeli Multinational Aerospace Contractor. The centers will be used in rugged and difficult terrains for the control and monitoring of advanced weapon systems.

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