Pangea buys Israeli Company NIP Global for $30m

US engineering company Pangea Group acquired NIP Global company for $30 million in cash.

The Pangea Group is a global company, which develops infrastructure, heavy transportation, and power station projects.

Antebi is among the controlling shareholders in Pangea, together with CEO Rafi Kaminer and COO Meir Ben Rechav, commercial director Adv. Sharon Weizman-Avidar and Henry Orlinsky, a private US investor.

Founded in 2009, the company is a partner in the Jerusalem light rail project and is also involved in the Har Gilboa power station project, as reported by Globes. In addition, the company invests in infrastructure and connects between investors and projects in multiple African countries.

Founded in 1955, NIP Global, develops electronic infrastructure for population registries and issuing biometric documents.