Dangot Computers Ltd (Dangot), an Israeli based leader in providing innovative technologies including: frictionless automated order processing & digital payment processing products for the retail, fast food and parking markets; integrated work stations for physicians, drug delivery and blood tests; robotics for smart warehouses; point of sales, self-check in management, and other state of the art solutions.- Dangot’s Revenue for 2020 was approximately
$35M , with attractive gross margins and Profit before Taxes of approximately$2M . - Consolidated
OMNIQ and Dangot pro forma revenue for fiscal year 2020 amounts to approximately$91M . - Strong and impressive customer base including hospitals, supermarkets, manufacturing plants, retail chains, restaurants, municipalities, and government agencies.
- Dangot’s influence with early adopter customers including multiple AI pilots offers a very attractive opportunity to accelerate adoption of OMNIQ’s proprietary AI solutions to automate the supply chain.
- OMNIQ’s Fortune 500 customers provide a significant new market for Dangot’s innovative solutions, focused, among others, on the Food & Drug, Medical, Retail and the Transportation & Logistics, markets.
OMNIQ will pay at the closing approximately$7.6M for a 51% equity interest with a one-year option to acquire the remaining 49% at the same valuation.
Upon the effectiveness of the acquisition,
Dangot is a prominent player in the field of automation and frictionless equipment. Its systems have gained an excellent reputation and significant market share in the demanding Israeli market, offering worldwide innovations to multiple verticals like healthcare, retail, restaurants and warehouse automation.
Mr Haim Dangot stated, “I am thrilled to join the
Mr. Dangot continued, “The Digital Supply Chain market is indeed a huge market, but also one that is expected to experience even further significant growth in the next coming years. Its growth depends on AI technology. Everything has to be connected. Everything has to happen in real-time to allow proactiveness and thus, efficiencies throughout the supply chain levels of the enterprises we serve. We are very proud of what we have created in Dangot for the last 30 years and together with OMNIQ’s AI innovation we can now promise our next 30 years of proudly serving our existing and new customers.”
About
OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to
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Investor Contact:
James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com
Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com
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OMNIQ Announces Definitive Agreement to Acquire Technology Leader, Dangot Computers Ltd.
Dangot Computers Ltd is an Israeli based leader in providing innovative technologies. including: frictionless automated order processing & digital payment processing products
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