Electra acquires American company for almost 100 million shekels

Electra is expanding its air conditioning operations in the US and is acquiring P.J. Mechanical, which specializes in the installation and maintenance of air conditioning systems • Itamar Deutscher: We are significantly increasing our operations in the US

The company controlled by the Zalkind brothers acquired P.J. Mechanical of New York, which had an order backlog of $280 million; the acquisition increases Electra USA's order backlog to $1.5 billion and adds 300 employees to the company's workforce; Electra entered the US in 2019, and its latest reports showed that its operations are recording a decline in operating profit