- Acquired by Berkshire Hathaway for $4B, May 2006
- Raised $2B debt round, Jan 2013
- Raised $5B debt round, Jul 2006
About
ISCAR Ltd. is an Israeli manufacturer of metal cutting tools, founded in 1952 by Stef Wertheimer and his wife Miriam in Nahariya, Israel. The company began as a family business and developed into a global leader in the metalworking industry. Eitan Wertheimer, Stef's son, continued the company's vision and led its global expansion in the 1980s. It is headquartered in Migdal Tefen, Israel, and operates internationally with a presence in over 60 countries. ISCAR supplies metal cutting tools to various industries including aerospace, automotive, energy, medical, and general engineering. The company also develops tool geometries, clamping systems, and digital technologies for industrial manufacturing applications. In 2006, Berkshire Hathaway acquired an 80% stake in ISCAR (through the International Metalworking Companies (IMC) group) for $4 billion, valuing IMC at $5 billion. The remaining shares were acquired in 2013 for $2.05 billion, making ISCAR fully owned by Berkshire Hathaway and valuing the company at $10 billion.
Funding history · 2 rounds · $7.0B total
Headcount over time
Q&A
- When was ISCAR founded?
- ISCAR was founded in January 1952.
- What is ISCAR's primary business?
- ISCAR designs and manufactures a comprehensive range of metalworking tools, including carbide inserts, end mills, drills, reamers, and advanced tool holders, and offers metalworking solutions like specialized coatings and tooling systems.
- Which company acquired ISCAR and when?
- ISCAR was acquired by Berkshire Hathaway in May 2006.
- Where is ISCAR's headquarters located?
- ISCAR's headquarters is located in The Tefen Tower, Israel.
- In which industries do ISCAR's products find application?
- ISCAR's products find applications across industries such as automotive, aerospace, and general manufacturing.
- Who is the CEO of ISCAR?
- Ilan Geri serves as the CEO of ISCAR.
- Does ISCAR have a presence on app stores?
- Yes, ISCAR has an app called "Iscar World" available on both the Apple App Store and Google Play Store.
Team · 1
Sectors & technology
Highlights
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | iscar.com/ |
|---|---|
| linkedin.com/company/92290 | |
| facebook.com/IscarCuttingTools | |
| YouTube | youtube.com/user/iscarweb |
| instagram.com/iscarcuttingtools |
Identifiers & details
| Legal name | ISCAR Ltd. |
|---|---|
| Founded | 1952-1 |
| Employees (exact) | 7000 |
| Offices | Arlington; Lethabong; Tel Aviv-Yafo |
| Status reason | Acquired by Berkshire Hathaway on May, 2006 |
Acquisitions & public offerings
Acquired by Berkshire Hathaway 2006-05 $4.0B
Radar intelligence
Patents
| EPO | 711 |
|---|
Publications (Crossref)
| Works | 10 |
|---|
Web history (Wayback)
| Domain | iscar.com |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 511998262 |
|---|---|
| Status | מחוסלת עקב מיזוג — CLOSED |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 1994-07-10 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2024 |
| Active charges / liens | 0 |
| Registry events | 1 — merger (1) |
| Registered address | דרך בגין 146 תל אביב - יפו |
Recent registry events
| Date | Event |
|---|---|
| 2025-08-31 | מיזוג מרצון חברת יעד |