Matrix Expands Defense Sector Presence with 73 Million Shekel Acquisition of Laor Energy

Matrix, an IT services company, is acquiring an 80% controlling stake in Laor Energy, a firm specializing in electromechanical systems for the defense market, for 73 million shekels. The deal includes mutual put and call options on the remaining shares. Laor Energy, based in the Tziporit industrial zone and employing 65 workers, integrates electrical and electromechanical components. The acquisition agreement also secures continued employment for key personnel.

In 2025, Laor Energy reported revenues of 98.1 million shekels, a 13% increase from 2024, with operating profit rising 71.4% to 15.5 million shekels and net profit growing 46% to 11.9 million shekels. Matrix highlighted that the acquisition will deepen its foothold in the defense sector, a major growth driver, enabling it to offer end-to-end solutions from planning through implementation, service, and maintenance.

Matrix stated the integration of Laor Energy will expand its value proposition to existing and new clients domestically and internationally. The transaction is subject to antitrust approval and will be financed from Matrix’s own resources. Founded in 1993 by Uri Caspi, Laor Energy is currently jointly owned by Caspi and the German company Benning.

Matrix CEO Moti Gutman described the acquisition as a strategic step to strengthen Matrix’s position as a leading technology group in defense, combining Laor’s unique electromechanical and critical energy capabilities with Matrix’s software, cyber, infrastructure, and integration expertise. Gutman noted Matrix’s defense-related business already exceeds one billion shekels annually and will expand further with this deal.

Uri Caspi, Laor Energy’s founder and CEO, said joining Matrix is a significant move that will leverage their engineering and manufacturing strengths alongside Matrix’s technological power and broad reach to create substantial value and lead larger, more complex defense projects. Earlier this year, Matrix completed a merger with Magic and currently trades at a market value of about 7.9 billion shekels. Despite a 38% share price decline since the start of the year amid negative sentiment toward software and IT stocks due to advanced AI developments, Matrix shares have risen 15% in recent trading days.