Elbit Systems Signs an Agreement to Acquire NICE Systems’ Cyber and Intelligence Division for an Amount of Up to $157.9 MillionAcquisition Agreement • May 21st, 2015 • Elbit Systems LTD • Aircraft parts & auxiliary equipment, nec
Haifa, Israel, May 21, 2015 - Elbit Systems Ltd. (the "Company") (NASDAQ and TASE: ESLT), announced today that it has signed an agreement to acquire NICE Systems Ltd.’s (“NICE”) Cyber and Intelligence division for a total amount of up to $157.9 million, subject to certain customary adjustments. Out of the total amount, $117.9 million will be paid in cash at the time of the closing, expected to take place in the third quarter of 2015, subject to certain closing conditions. An additional amount of up to $40 million will be paid as earn-out, based upon the future business performance of the acquired division’s activities.
