Magic Software and Matrix I.T are considering a merger, creating value for shareholders

From GlobeNewswire: 2025-03-10 20:15:45

Magic Software Enterprises Ltd. announced a proposed merger with Matrix I.T Ltd. The merger will be structured as a reverse triangular merger, with Matrix acquiring Magic. The consideration will be in the form of Matrix’s ordinary shares based on valuations of the companies, making Magic a private company wholly owned by Matrix. The combined entity is estimated to have an aggregate market value of $2.1 billion, operate in 50 countries, serve 6,000 clients, and employ over 15,000 employees. The merger is expected to enhance scale, market position, geographic reach, product portfolio, and operational efficiencies, creating long-term value for shareholders.



Read more at GlobeNewswire: Magic Software and Matrix I.T sign MOU to Consider Merger