TAT Technologies Ltd. Closes a Transaction to Purchase 37% of the Outstanding Shares of Bental Industries Ltd. and an Option to

GEDERA, Israel, May 21  /PRNewswire-FirstCall/ -- TAT Technologies Limited (Nasdaq/NMS: TATTF) announced today that it completed the acquisition of 37% of the outstanding shares of Bental Industries Ltd. ("Bental"), and acquired an option to purchase an additional 18% of Bental.

TAT Industries Ltd., the controlling shareholder of the Company, currently holds 15% of Bental. Accordingly, as of today, the TAT Group holds 52% of the outstanding shares of Bental and has the right to increase its controlling interest to 70%.

About Bental Industries Ltd.

Bental specializes in innovative motion technologies for military and aviation purposes. It was established in 1983 and has approximately 140 employees. Bental is the leading supplier in its field to Israel's defense industries. Its products are also supplied to military aerospace and industrial companies worldwide.

About TAT Technologies Ltd.

TAT Technologies is principally engaged in the manufacture, repair and overhaul of heat transfer equipment, such as heat exchangers, precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems, electronic equipment and other applications. In addition, the Company manufactures aircraft accessories and systems such as pumps, valves, Power Systems, Turbines and overhauls aircraft Auxiliary Power Units (APUs), landing gears and propellers. 

DATASOURCE: TAT Technologies Limited



CONTACT:  Israel Ofen, Executive Vice-President and Chief Financial

Officer of TAT Technologies, 011-972-8-859-5411

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