Malam Tim Group acquires 70% of the share capital of Adiosystems Projects for NIS 39 million. As part of the agreement signed, Malam Tim was granted an option to purchase the remaining holdings in the company. Adiosystems is engaged in the management and operation of large-scale projects in the public sector that include characterization, development, operation and control in many areas and in particular in the areas of education, training, community and culture. The company has about 250 employees.
Udi Weintraub, co-CEO of Malam Tim: “Audiosystems is an executive arm of government ministries for strategic projects in a variety of fields. We estimate that one of the growth drivers for emerging from the crisis will be large government tenders to boost the economy and accelerate projects that the Corona has only sharpened the immediate need to address, such as distance learning, online services and more. “I have no doubt that joining AudioSystems, with their proven experience and expertise in managing large projects, will be a significant reinforcement for the Malam Tim Group.”
Zehava Asa, CEO of Adiosystems Projects: “Adiosystems leads innovation in the management of systemic, multidisciplinary and large-scale projects, which include: characterization, development, operation, training and control. Our main area of practice is public sector tenders and information systems development. The combination with Malam Tim, one of the leading entities in the economy in the field of IT, constitutes a multiplier of business power that will bring the partnership to great achievements. “
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