About Ashot
Ashot is a company based in Ashkelon (Israel) founded in 1992 was acquired by FIMI Opportunity Funds in October 2021.. The company has 511 employees as of December 31, 2024. Ashot has completed 1 acquisition, including Reliance Gear. Ashot offers products and services including Gears and Transmissions and Tungsten Products.
- Headquarter Ashkelon, Israel
- Employees 511 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Ashot Ashkelon Industries Ltd.
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Annual Revenue
$107.93 M (USD)20.48as on Dec 31, 2024
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Net Profit
$13.35 M (USD)49.4as on Dec 31, 2024
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EBITDA
$19.34 M (USD)29.14as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
511
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
FIMI Opportunity Funds
(Oct 21, 2021)
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IPO & Listings of Ashot
Ashot is a publicly listed company on the TASE with ticker symbol ASHO in Israel, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Ashot
Ashot offers a comprehensive portfolio of products and services, including Gears and Transmissions and Tungsten Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Gears and transmissions are manufactured for aerospace and defense applications to meet industry requirements
Tungsten products are produced for use in defense systems and components
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Funding Insights of Ashot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ashot
Ashot has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include FIMI Opportunity Funds. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth equity is provided to industrial sector companies by FIMI.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ashot
Ashot has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Reliance Gear. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Custom precision gears are manufactured and supplied for industrial needs.
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1965 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ashot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ashot Comparisons
Competitors of Ashot
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Ashot
When was Ashot founded?
Ashot was founded in 1992.
Where is Ashot located?
Ashot is headquartered in Ashkelon, Israel. It is registered at Ashkelon, Southern District, Israel.
Who is the current CEO of Ashot?
Michael Dayan is the current CEO of Ashot.
How many employees does Ashot have?
As of Dec 31, 2024, the latest employee count at Ashot is 511.
What is the annual revenue of Ashot?
Annual revenue of Ashot is $107.93M as on Dec 31, 2024.
What does Ashot do?
Ashot was founded in 1992 in Ashkelon, Israel, where gear drives and transmission systems are designed and manufactured. Operations focus on the industrial sector, providing components for various applications in machinery and equipment. The company is led by CEO Michael Dayan, with activities centered on engineering and production processes to meet technical specifications in the transmission industry.
What products or services does Ashot offer?
Ashot offers Gears and Transmissions and Tungsten Products.
Is Ashot publicly traded?
Yes, Ashot is publicly traded on TASE under the ticker symbol ASHO.
How many acquisitions has Ashot made?
Ashot has made 1 acquisition, including Reliance Gear.
Who are Ashot's investors?
Ashot has 1 investor. Key investors include FIMI Opportunity Funds.
What is Ashot's ticker symbol?
The ticker symbol of Ashot is ASHO on TASE.