Rafael’s €330M NATO deal. Delek eyes Hot Mobile. Tulip’s $1.3B valuation.
Re: January 20, 2026 in Israel - and what it all means for investors at home and abroad.
Quick Takes:
Defense: Rafael signs €330M deal with 4 NATO nations; Next Vision books $60M order.
Real Estate: Summit acquires 5,150 NY apartments for $451M; Israel Canada Hotels raises ₪150M.
Telecom: Delek Israel negotiating to buy Hot Mobile for ₪1.88B.
Tech: Manufacturing unicorn Tulip raises $120M at $1.3B valuation.
Energy: Phoenix buys 49% of Meshek Energy’s portfolio for ~₪650M.
Defense & Technology
Rafael Advanced Defense Systems signed a massive €330 million government-to-government deal to supply its Trophy active protection system to NATO members Germany, Lithuania, Netherlands, Czech Republic, and Croatia. The system will be integrated into Leopard 2 A8 tanks.
Next Vision (TASE:NXSN) received a $60 million order for its stabilized cameras, to be delivered by 2029. The company reaffirmed its aggressive 2026 revenue target of $275 million, representing 64% year-over-year growth.
Tulip, the frontline operations platform, raised $120 million in Series D funding led by Mitsubishi Electric, hitting a $1.3 billion valuation. The company, which has a major R&D center in Tel Aviv, is capitalizing on the industrial shift to ‘human-centric’ manufacturing tech.
Real Estate & Infrastructure
Summit (TASE:SMT) is expanding its US footprint, acquiring a portfolio of 5,150 apartments in New York for $451 million.
The Phoenix (TASE:PHOE) signed a deal to acquire 49% of Meshek Energy’s (TASE:MSKE) renewable asset portfolio for ₪600-700 million. The deal covers 117MW of active solar assets and future storage projects.
Afcon Holdings (TASE:AFHL) reported that its subsidiary, DM, secured a ₪58 million contract extension with a government body for complex systems infrastructure.
Israel Canada (TASE:ISCN) successfully raised ₪150 million in a bond offering for its hotels division, signaling robust institutional demand for hospitality assets despite the war.
M&A & Telecom
Delek Israel (TASE:DLEKG) is reportedly in advanced negotiations to acquire Hot Mobile for ₪1.88 billion. The deal would dramatically reshape the local telecom landscape, marking Delek’s aggressive entry into the cellular market.
Healthcare
Novolog (TASE:NVLG) is divesting its ‘Novohealth, home-care division for ₪15 million as part of a strategic refocusing on its core logistics and digital health services.
TASE snapshot for Tuesday, Jan. 20, 2026
TA-35 Index (TASE:TA35): 🔴 -0.51%
TA-90 (TASE:TA90): 🔴 -1.32%
TA-125 (TASE:TA125): 🔴 -0.69%
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