Magal Security Systems
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| Type | Public (NASDAQ: MAGS) |
|---|---|
| Founded | 1969 |
| Headquarters | Yehud, Israel |
| Key people | CEO: Eithan Livne |
| Industry | Security |
| Revenue | $61.3 million USD |
| Employees | 303 |
| Website | www.magal-s3.com |
Magal Security Systems Ltd. (NASDAQ: MAGS), Magal Security Systems, Ltd. develops and manufactures advanced Perimeter Intrusion Detection Systems. Magal's systems are installed in more than 75 countries worldwide[citation needed], protecting airports, borders, nuclear facilities, military bases, communications centers, maximum security prisons, governmental facilities and other sensitive installations.
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 Aircraft Industries (IAI). In 1984 Magal was established as a private company, with 26% of the shares still held by IAI. 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.
The company is headquartered in Yehud, Israel.
Eithan Livne is the current CEO.
