According to reports, Israeli machinery manufacturer Iscar M Etal working Cos (hereinafter referred to as Iscar) recently said that the company plans to implement overseas mergers and acquisitions. And because of the lack of anti-monopoly restrictions, the Chinese market will become the first choice for its acquisition.

According to public information, Iscar, founded in 1952, is the world's second largest manufacturer of metal cutting equipment, and its main business includes abrasives and machining. In May 2006, Berkshire Hathaway, the flagship of Warren Buffett’s investment helm, acquired an 80% stake in Iscar’s major shareholder, IMC Group, and the largest of its seven assets, Iscar.

It is reported that Iscar CEO Eitan Wertheimer has publicly stated that the company's plan is to exceed the world's number one Sandvik AB. And if the scale of mergers and acquisitions exceeds a certain level, then many countries around the world will encounter anti-monopoly restrictions. In contrast, the Chinese market may be more open. Wittham also pointed out that the company is currently very eager to make acquisitions, but there are currently few targets available on the market.

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