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Fortissimo buys MGAR group for NIS 240m The MGAR group is a major provider of services to municipalities in Israel, with parking payment app Cellopark among its companies. Sources inform Globes that, two weeks ago, private equity firm Fortissimo, headed by Yuval Cohen, completed the acquisition of the MGAR group from ATE, which belongs to the heirs of Dan David and its founder Eliyahu Houri, for NIS 240 million. Globes reported the negotiations on the deal a few months ago. MGAR provides municipal services, such as tax collection and data services, to local authorities around Israel. Fortissimo s interest in the group mainly stems, however, from the technological side of its business: subsidiaries Cellopark, which has developed an app for paying at parking lots via smartphone, and Prioricity, which provides designated ERP (enterprise resource planning) systems to the municipal sector.

Nur macroprintersYuval cohenDan davidPriority softwareShikun binui holdings ltdDan david foundationEliyahu houriBinui holdingsKornit digitalடான் டேவிட்ப்ரையாரிடீ மென்பொருள்டான் டேவிட் அடித்தளம்