Hoover's Company Profiles:

Elron Electronic Industries Ltd.

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Contact Information
Elron Electronic Industries Ltd.
3 Azrieli Center, 42nd Fl.
Tel Aviv 67023, Israel
Tel. +972-3-607-5555
Fax +972-3-607-5556

Type: Public
On the web: http://www.elron.com
Employees: 1
Employee growth: 0.0%

An equal-opportunity gadget geek, Elron Electronic Industries fosters all kinds of high-tech endeavors. The conglomerate founds or invests in Israeli technology companies in a number of fields, including medical devices, semiconductors, software, telecommunications, and clean technology. It typically owns controlling or significant minority stakes in its group companies, for which it plays an active management role; it periodically spins off its offspring to realize gains for investing in new opportunities. Through subsidiary RDC, the company partners with Rafael, a research unit of the Israeli Ministry of Defense, to adapt Rafael-produced technologies for non-military uses.

Key numbers for fiscal year ending December, 2011:
Sales: $51.4M
One year growth: (70.2%)
Net income: ($17.0)M

Officers:
Chairman: Arie Mientkavich
VP and CFO: Rinat Remler
VP and CTO: Moshe Fourier

Competitors:
Clal Industries
Koor Industries
Siemens Healthcare

Elron Electronic Industries Ltd.

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