Matrix expands defense activity with $24 million acquisition of Laor Energy

Matrix has signed an agreement to acquire 80% of the shares of Laor Energy for approximately NIS 73 million ($24.2M), including the company’s share of Laor Energy’s equity. The agreement also includes mutual call and put options linked to the company’s performance over the next two years. The acquisition is part of Matrix’s broader expansion into the defense sector and will add capabilities in electromechanical systems, which are used in critical applications across the defense establishment and defense industries. Founded in 1993, Laor Energy specializes in the development, engineering, integration and production of energy, electrical and electromechanical systems. Its products include command and control vehicles, energy supply and backup systems, power conversion systems, and integrated hardware, software and engineering solutions. The company employs approximately 65 people and operates an engineering center and manufacturing facility in the Zipporit Industrial Zone. Most of its activity is focused on projects for Israel’s defense establishment and defense industries. According to Matrix’s filing with the stock exchange, Laor Energy had total assets of approximately NIS 91 million as of December 31, 2025, and recorded a net profit of approximately NIS 12 million in 2025. Matrix said the acquisition will expand its portfolio of defense solutions by combining the group’s capabilities in software, cyber, communications and systems integration with Laor Energy’s engineering and manufacturing expertise. The company added that even before completion of the transaction, its defense-related activity exceeds NIS 1 billion annually, and that the acquisition is expected to strengthen its work with Israel’s defense establishment, defense companies and international customers. Matrix CEO Moti Gutman said: "The acquisition is another strategic move in building Matrix’s position as one of the leading technology groups in the defense sector. It will further strengthen our position in the defense market and allow us to expand our activity in Israel and international markets."