Nistec Acquired Controlling Share Of Eltek For $4.2M

November 3, 2013 | Eltek, a leading Israeli manufacturer of advanced circuitry solutions, has announced the closing of its sale of 3,532,655 ordinary shares to Nistec, a leading provider of electronic manufacturing and design services. Nistec also acquired all of the ordinary shares held by Eltek’s principal shareholder, Mr. Yossi Maiman. As a result of both transactions, Nistec is now Eltek’s majority shareholder, holding 50.5 percent of its outstanding shares. The deal was announced last August.