Examples of use of MGI
1. MGI then embarked on two acquisition/mergers to expand its product line.
2. MGI is aiming for NIS 100 million in sales in 2008, with net profits of 15% of turnover.
3. MGI was founded in 2002 as a single–product company, making anti–drowning alarm systems for private swimming pools.
4. These profits, however will not affect Maytronics bottom line in 2008, as MGI has financial obligations totaling 8 million euros.
5. The MGI deal also creates a synergy between the marketing of robotic pool cleaners and the drowning detection systems for public pools.