Israel

Linamar, a diversified manufacturing company and the second largest Canadian manufacturer of auto parts traded on the Toronto Stock Exchange, valued at over $6 billion (€4.85 billion), has signed a strategic co-operation agreement with SoftWheel Ltd. to produce wheels for SoftWheel at one of its North American factories.

Telit Commmunications has appointed Yosi Fait as finance director with overall responsibility for the M2M company’s finance strategy and business development.