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This is a rare investment in a company that is neither a development company nor a construction company operating in the real estate sector.<\/p>\n
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Harel Finance and Investments (TASE: HARL) will invest an estimated tens of millions of shekels in engineering and project management company Waxman Group (formerly Waxman Govrin Geva – WXG) for a 19% stake. Both companies declined to specify the precise amount of the investment.<\/p>\n
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Market sources see this as a strategic investment by Harel in one of Israel\u2019s leading engineering and project management companies. Waxman Group provides a complete solution package throughout the entire life cycle of construction and infrastructure projects – statutory management, engineering planning and management, supervision, execution management, operation and implementation.<\/p>\n
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This is a rare investment in a company that is neither a development company nor a construction company operating in the real estate sector, but estimates in the industry believe that Waxman’s activity will increase greatly following the war, due to the need to re-plan and rehabilitate neighborhoods and towns, as well as the need to develop the scale of infrastructure that will increase greatly in the coming years.<\/p>\n
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Waxman Group’s value is estimated at a few hundred million shekels, and therefore estimates are that the financial scope of the deal will reach NIS 50-80 million.<\/p>\n
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Published by Globes, Israel business news – en.globes.co.il – on March 30, 2026.<\/p>\n
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\u00a9 Copyright of Globes Publisher Itonut (1983) Ltd., 2026.<\/p>\n
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Harel CEO Nir Cohen credit: Tal Shahar<\/p>\n
#Harel #buys #stake #Waxman #Group #engineers<\/p>\n","protected":false},"excerpt":{"rendered":"
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