Ashot Ashkelon
Transmission Gearboxes for Aerospace and Defense
Company Overview
Snapshot
Founded in February 1970, Ashot Ashkelon operates with 51–200 employees, specializing in advanced systems and components. The company was acquired by Elbit Systems in March 2018.
Business overview
Ashot Ashkelon develops technologically advanced systems and components for the aerospace, defense, and automotive industries. The company's core technology involves manufacturing a broad range of gears and shafts for OEM jet engine producers, utilizing materials such as steel, titanium, and nickel-based superalloys. Ashot provides comprehensive in-house capabilities for development, production, and assembly, serving B2B and B2G markets across Europe, the United States, and Israel.
Strategic signal
In October 2021, FIMI Opportunity Funds acquired a stake in Ashot Ashkelon from Elbit Systems for $88 million. This transaction highlights continued investor confidence in Ashot Ashkelon's market position and technological capabilities within the defense and aerospace sectors, signaling strategic financial activity post-acquisition.
Company Intelligence Q&A
- When was Ashot Ashkelon founded?
- Ashot Ashkelon was founded in February 1970.
- What is Ashot Ashkelon's primary focus?
- Ashot Ashkelon specializes in supplying technologically advanced systems and components, particularly transmission gearboxes, for the aerospace, defense, and automotive industries.
- Who acquired Ashot Ashkelon?
- Ashot Ashkelon was acquired by Elbit Systems in March 2018.
- What was a significant financial event for Ashot Ashkelon in October 2021?
- In October 2021, FIMI Opportunity Funds acquired a stake in Ashot Ashkelon from Elbit Systems for $88 million.
- What are Ashot Ashkelon's main manufacturing capabilities?
- Ashot Ashkelon's manufacturing capabilities include production engineering, machining, gear cutting and finishing, deep-hole drilling and boring, heat treatments, NDT, surface finishing, and quality assurance.