Mer Group Secures 46 Million Euro Cyber and Intelligence Deals in Africa
Mer Group announced that its subsidiary secured government contracts in West Africa worth 46 million euros to provide advanced intelligence, cyber security, and infrastructure protection solutions over 24 months.
The Mer Group, a global Israeli provider of technological and integrative solutions in defense, communications, and intelligence, announced on Tuesday that its wholly owned subsidiary has signed a series of agreements with government entities in a West African nation, totaling approximately 46 million euros (around 163 million shekels).
Under the agreements, the group will deliver a comprehensive package of technological solutions focusing on intelligence and cyber domains, including the upgrade of intelligence systems and the protection of strategic facilities. These contracts mark a continuation of the Mer Group's expanding international footprint and its ongoing engagement with governmental clients in defense and homeland security.
According to the company, project execution is expected to span approximately 24 months from the effective date of the agreements, subject to project progress and client requirements. The anticipated profit margin aligns with standard industry benchmarks for this sector. Out of the total contract value, about 34 million euros will be backed by a client financing agreement with a lending bank, which the company expects to be finalized in the coming months.
Avi Shechter, CEO of the Mer Group, stated: "The new agreements are a direct continuation of the group's expanding international technological activity in intelligence, cyber defense, and critical infrastructure protection. We remain committed to deepening our engagement with governmental clients, leveraging the experience and capabilities we have accumulated in complex projects, and expanding our footprint in these growth-driven international markets."
In its previous quarterly report, the company reported a total order backlog, including framework agreements, of approximately 972 million shekels, alongside new orders totaling some 464 million shekels since the beginning of the year.
Founded in 1982 and publicly traded on the Tel Aviv Stock Exchange since 1992, the Mer Group employs roughly 650 people globally through its subsidiaries. The company operates across Latin America, the United States, Europe, Africa, Asia, and Israel, specializing in end-to-end technology solutions, homeland security, cyber systems, communication infrastructure, and data centers. The group is led by CEO Avi Shechter and Chairman Nir Lempert, with Haim Mer as the controlling shareholder and FIMI Opportunity Funds as a major shareholder.
