Israel’s AeroScout sold for $240m.

Israel’s AeroScout – a global leader in tracking objects and people through Wi-Fi networks – has reportedly been acquired by an American infrastructure and services company for some $240 million. The Calcalist business daily reported that the buyer will identify …

Israel’s AeroScout – a global leader in tracking objects and people through Wi-Fi networks – has reportedly been acquired by an American infrastructure and services company for some $240 million. The Calcalist business daily reported that the buyer will identify itself only after it clears US trade hurdles.

AeroScout was founded by CEO Yuval Bar-Gil in 1999. The Rehovot company invented the first Wi-Fi-based active radio frequency identification (RFID) tag. AeroScout’s solutions are used by top companies and organizations including Boeing, Freescale Semiconductor, Continental Tire and over 500 hospitals worldwide.

AeroScout has also partnered up with the likes of Accenture, Cisco Systems, HP and NEC.

According to reports, the 200-plus strong Israeli company will continue to develop its RFID technology despite the buyout. It is being reported that its R&D headquarters will remain in Israel after the sale.

About Viva Sarah Press

Viva Sarah Press is an associate editor and writer at ISRAEL21c. She has extensive experience in reporting/editing in the print, online and broadcast fields. She has jumped out of a plane, ducked rockets and been attacked by a baboon all in the name of a good story. Her work has been published by international media outlets including Israel Television, CNN, Reuters, The Jerusalem Post and Time Out.