Manor Evergreen Joins NOVO DR as a Shareholder

We are pleased to announce that Manor Evergreen, an Israeli private equity fund, has acquired 35% of the shares of NOVO DR Ltd. from existing shareholders.

We are delighted to welcome Manor Evergreen as our partner. Their confidence in our company, our people and our markets means a great deal to us. Founded by Avi Ortal, Yuval Zehira and Lilach Katz, Manor is an evergreen fund that invests for the long term, and the many years of experience its founding partners bring will be a real asset to us as we grow. In a market where customer relationships are built over years, that is exactly the kind of partner we were looking for. Avi Ortal has joined our board, and we look forward to working closely with him and with the entire Manor team.

Founded in 2014 by Lior Pick, Adar Yiron and Alex Weizman, NOVO DR is a global leader in portable digital radiography. Lior Pick continues as CEO and Chairman, and Adar Yiron continues as COO and board member. Our team, our product roadmap and our commitments to customers and partners continue unchanged, and together with Manor Evergreen we look forward to building the next chapter of NOVO DR, growing in our existing markets and expanding into new areas of activity.

Our thanks to Gilad Slonim and Nevo Ozer of Value Family Office, Adv. Shlomit Hess of Fischer (FBC), Adv. Niv Sivan of Herzog Fox & Neeman, and PwC. And above all, thank you to our customers, distributors, partners and the entire NOVO team.