The spy company has signed an agreement for the planning and execution of electrical, communication and control work in the Green Line project of the light rail in the amount of NIS 21 million
The spy company has signed an agreement for the planning and execution of electrical, communication and control work in the Green Line project of the light rail in the amount of NIS 21 million
Spy Company is a subsidiary of the Brand Group and the work of Spy Company is expected to be completed in 2024. However, the scope of the project is not yet final and is subject to detailed planning adjustments and other adjustments that will result from the actual implementation of the project.
Brand Group is a merger of Spy Systems and Brand, a merger completed on 31.3.2021. The Brand Group is managed by Yaron Silesh (former CEO of Shikun VeBinui Energy). The Brand Group focuses on the establishment of projects in Israel and around the world in 4 areas:
- The field of infrastructure and construction – construction of metal infrastructure including energy facilities, steel constructions, industrial facilities and petrochemical facilities.
- Systems – planning and execution of various projects in the field of infrastructure and systems of control, communication and electricity through the contracting arm of the company
- Renewable energy field – planning, construction and maintenance of various projects in the field of renewable energy in Israel and initiation of activities in the field of renewable energy abroad
- Industry – Manufacture, processing and assembly of metal products and steel constructions, energy facilities, various industrial facilities and petrochemical facilities
Brand Group CEO Yaron Silesh welcomed the agreement of the subsidiary Margal. He said that along with the Brand Group’s growth in the field of renewable energies, it continues to grow in its traditional areas of activity. About their abilities
According to him, winning the Green Line project of the light rail is not alone. The group he heads has carried out and is carrying out additional work on other lines of the light rail, which makes the Brand company stand at the forefront of doing.
He said that in addition to the Brand Group’s traditional activities in Israel, they are working to expand their activities abroad as well, for example they are in advanced talks to acquire 50% of a British company in the field of energy storage and renewable energies.
According to him, they are also examining additional opportunities in the field of initiating projects abroad, for example the possibility of raising debt that will be used by the Brand Group for business development activities in Israel and abroad.