February 13, 2018 / 1:17 PM / 6 months ago

BRIEF-Magal Says ‍Signed An Agreement To Acquire 55 Pct Controlling Interest In ECS BAZ Ltd​

Feb 13 (Reuters) - Magal Security Systems Ltd:

* MAGAL ACQUIRES CONTROL OF ESC BAZ - MANUFACTURER OF SECURITY VIDEO OBSERVATION & SURVEILLANCE SYSTEMS

* MAGAL SECURITY SYSTEMS LTD - ‍SIGNED AN AGREEMENT TO ACQUIRE A 55% CONTROLLING INTEREST IN ECS BAZ LTD​

* MAGAL SECURITY SYSTEMS LTD - ANTICIPATED THAT BAZ'S OPERATION COUPLED WITH EXPECTED SYNERGIES WILL BE ACCRETIVE TO EARNINGS Source text for Eikon: Further company coverage:

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