Tadiran refers to a former Israeli conglomerate, which was founded in 1962 by the merger of two companies, Tadir and Ran (itself founded as a batteries manufacturer in 1932). The name of the company is a joining of both companies’ names.
Contents
- Tadiran Telecom
- Tadiran Batteries owned by Saft Groupe SA
- Tadiran Air Conditioners Tadiran Appliances owned by Tadiran Holdings
- Tadiran Telecommunications merged with ECI Telecom
- Tadiran Electronic Systems Tadiran Spectralink Tadiran Communications Elbit Systems
- Tadiran LifeCare owned by Aerotel Medical Systems
- Ituran Tadiran Telematics
- References
Through the years the company had interests in electronics, home appliances (refrigeration and air conditioning), telecommunications, batteries, medical systems and defence electronics.
The company does not exist as a conglomerate anymore. The brand name survived through the former conglomerate's many spin-offs and sold divisions. They include:
These brands are business are described below.
Tadiran Telecom
Tadiran Batteries (owned by Saft Groupe S.A.)
Tadiran Air Conditioners, Tadiran Appliances (owned by Tadiran Holdings)
Tadiran Appliances (also known as Tadiran Air Conditioners), was acquired by the Carrier Corporation, the world’s largest manufacturer and distributor of heating, ventilating and air conditioning (HVAC) systems, itself a subsidiary of United Technologies Corporation (UTC) of the USA and a constitute of Dow Jones Industrial Average. Carrier initially acquired 26%of the company in 1997 and took full ownership of it in 2004.
In October 2009, Carrier sold Tadiran Appliances to Crystal Consumer Products, a white goods distributor in Israel, which shortly afterwards changed its name to Tadiran Holdings (TASE: TDRN).
In the past, Tadiran Appliances used to manufacture a wide range of White goods, including: refrigerators and freezers; stoves and ovens; TV sets ( assembly of Italy's Voxon models) and Radio sets and Car Radios. However, today only the Air conditioning business remains active (and still has the highest market share by far in Israel).
Tadiran Telecommunications (merged with ECI Telecom)
Tadiran Electronic Systems, Tadiran Spectralink, Tadiran Communications -> Elbit Systems
In July 2008 Tadiran Communications and Elbit Systems merged, which brought all three of the above companies to exist under one group (this since Elisra Group itself is a subsidiary of Elbit Systems).
Tadiran LifeCare (owned by Aerotel Medical Systems)
Tadiran LifeCare was a division within Tadiran Spectralink, established to design and develop wireless monitoring solutions for healthcare applications. Tadiran LifeCare was acquired by Aerotel Medical Systems in January 2007
Ituran & Tadiran Telematics
Ituran was established in 1994 by the Tadiran conglomerate to develop and operate a service for locating stolen vehicles using a technology that was originally developed for military use at Tadiran Telematics, a subsidiary of Tadiran Communications. In 1995 Tadiran decided to sell the Ituran concept to a group of investors for $250,000 USD.
In 1998 the company had an initial public offering on the Tel Aviv Stock Exchange, raising the capital required to develop the service overseas in the United States, Brazil and Argentina.
In November 1999, Ituran acquired Tadiran Telematics, which continued to manufacture the vehicle tracking systems Ituran was using for its services, for $10 million. The acquisition enabled Ituran to reduce the cost of the systems it sold. Ituran changed the company's name to Telematics Wireless.
In 2004, Telematics Wireless won contracts to install and deploy vehicle tracking systems in Korea and China, for local companies developing a service similar to Ituran's.
In 2005, Ituran raised approximately $50 million in an initial public offering on Nasdaq, which gave the company a value of $294 million.
In November 2007, Ituran sold Telematics Wireless to Singapore based ST Electronics, part of the ST Engineering corporation, for $90 million.