Magal Completes the Acquisition of 100% of the Shares of E.S.C. BAZ
YEHUD, Israel – January 4th, 2021 – Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today
announced it has completed the acquisition of the entire share capital of E.S.C. BAZ Ltd. (“BAZ”), an
Israeli-based company focused on the development and manufacturing of military-grade smart Security
Video Observation and Surveillance systems. Magal exercised its option to acquire the remaining
outstanding shares from BAZ’s founder and current General Manager, Benny Zviran.
