Magal Security Systems, Ltd. (MAGS) revealed the acquisition of a European company involved in the installation and integration of security systems for a cash payment of EUR 6.8 million and additional consideration that will be based on performance and will be payable over the next five years.Magal Security Systems expect the acquisition to contribute to its expansion in the integration field, particularly in countries with strong growth potential for Magal's leading security solutions.Looking forward, the company anticipates that the acquired company would immediately contribute to revenues and income in 2007 and beyond.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.