JERUSALEM, Dec 15 (Reuters) - Appetite for Israeli technology innovation has remained undiminished this year, with a surge in acquisitions and IPOs led by Alphabet’s (GOOGL.O) $32 billion purchase of Israeli cybersecurity company Wiz, PwC Israel said on Monday.
The consultancy said in a report that such deals jumped by 340% to nearly $59 billion, from $13.4 billion in 2024. Excluding the Wiz deal, the value of transactions doubled to $32 billion.
There were seven IPOs with a combined valuation of $14.6 billion, up from the $781 million total achieved with six listings in 2024, demonstrating strong investor demand despite Israel’s two-year war against Palestinian militant group Hamas.
PwC noted a decline in medium-sized deals between $100 million and $500 million, but more small and larger deals.
There were six acquisitions above $1 billion this year, including fintech firms Next Insurance (bought for $2.6 billion) and Melio ($2.5 billion), with Nasdaq listings for Navan (NAVN.O) and eToro (ETOR.O) at valuations of $6.2 billion and $4.4 billion respectively.
Yaron Weizenbluth, a partner and head of audit in PwC Israel, said that while more tech entrepreneurs and managers have relocated operations overseas, many companies still rely on the “unique talent in Israel”.
“The Israeli market has demonstrated an incredible ability to adapt and close gaps in the past; the potential for value creation is immense,” he said.

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Israeli tech sector deals and listings surged to $59 billion, driven by Alphabet's $32 billion acquisition of Wiz. PwC reports a 340% increase from $13.4 billion in 2024, with seven IPOs valued at $14.6 billion. Despite a decline in medium-sized deals, there were six acquisitions over $1 billion. The sector shows resilience amid geopolitical challenges.

- Israeli technology innovation has seen a significant increase in acquisitions and IPOs, with total deal values rising by 340% to nearly $59 billion in 2025.  
- Notably, Alphabet's $32 billion acquisition of cybersecurity firm Wiz contributed to this surge, while IPOs reached a combined valuation of $14.6 billion.  
- Despite a decline in medium-sized deals, the market remains resilient, showcasing strong investor demand and the unique talent present in Israel.

Israeli tech sector annual deals and listings jump to $59 billion, PwC says