Ashot Ashkelon

Ashot Ashkelon Industries Ltd
Native name
עשות אשקלון תעשיות
Company typePublic company
TASE: ASHO
IndustryDefense, Automotive
Founded1951; 73 years ago (1951)
FounderEfraim Ilin
Headquarters
Ashkelon
,
Israel
RevenueIncrease₪ 340.93 million (2015)
Increase₪ 17.24 million (2015)
Total equity₪ 224.25 million (2015)
Number of employees
560 (2015)
Parent
SubsidiariesReliance Gear Corporation
Websitewww.ashot.co.il
Ashot supplied parts for the Allison jet engine

Ashot Ashkelon Industries Ltd (TASE: ASHO) is an Israeli manufacturer of build to print products such as: gears, transmissions and gearboxes to the Aerospace,[1] Military, and Automotive industries. Headquartered in Ashkelon, it has 560 employees.[2]

Ashot was a subsidiary of the Israel Military Industries Ltd. (IMI, also known as IMI Systems and later Elbit Systems Land)[3] and is publicly traded on the Tel Aviv Stock Exchange. Following the purchase of IMI by Elbit Systems in 2018, it was controlled by Elbit Systems Land.

On June 30, 2022, FIMI Opportunity Funds acquired a majority stake in Ashot for $84 million.[4]

  1. ^ Hybrid-Electric Propulsion For Rotax Archive
  2. ^ "About Ashot". Archived from the original on 2009-03-09. Retrieved 2009-01-08. Official About Page
  3. ^ Israel Defense (13 August 2012). "Another deal for Ashot Ashkelon". Israel Military Industries. Archived from the original on 5 November 2012. Retrieved 17 April 2013.
  4. ^ "Elbit Systems Completes the Sale of Ashot to FIMI Opportunity Funds for $84 Million". PR Newswire. Retrieved 2022-12-30.