ORT will sell its holdings in Orpak Systems Limited

ORT has signed a definitive agreement for the sale of all of its holdings (68%) in Orpak Systems Limited to Gilbarco/Fortive, which has been an important partner of Orpak for many years and has been holding 20% of Orpak Systems Limited prior to the sale. The transaction is subject to customary conditions to closing. The…

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dividend in kind – Rapac shares

Tne company’s board of directors and its general assembly have decided on a dividend in kind of all Rapac shares held by the company to the company’s share holders. following such a decision, and from Mrach 27, 2017 Rapac is no longer a subsidiary of the Company.  

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Orpak Opens New Subsidiary In Russia

Orpak Systems has announced the establishment of its new subsidiary, RSC-Orpak in Moscow, Russia. The establishment of this subsidiary represents another step by Orpak towards providing expanded sales and support services in the Russian petroleum market, and meeting the growing demand for automatic payment systems, both in the retail segment as well as in commercial fleets.

Orpak signed an MOU for the purchase of a Brazilian company

Orpak has signed an MOU with a Brazilian company, for the purchase of the Brazilian company for a total consideration of approx. 9 Millions USDA, out of which a third is conditioned upon achieving a level of revenues and/or fulfilling certain obligations relating to key employees. The purchased company engages in the development, marketing, installation…

Orpak introduces its Wetstock Management Solution

Orpak introduces its Wetstock Management Solution (WSM), an innovative, real-time wetstock control, monitoring, and analysis solution. An integral part of Orpak’s market-proven ForeVisionTM solutions offering for fuel retailers, WSM is a SaaS solution that quickly and easily connects to back office (BOS) systems to provide networks with a comprehensive wetstock overview, while detecting fuel loss and improving operational…

ORT announced its financial results for Q3 2015

ORT announced its financial results for Q3 2015. ORT reported Revenues for nine months ended September 30 2015 of 253 Millions NIS, which exhibits a 18.7% rise, compared to the equivalent period in 2014. Net Income totaled in 20 million NIS, representing 61.6% increase, compared to the equivalent period last year . for more information

RAPAC will represent UQM in Israel and will provide various UQM PowerPhase electric motors, generators and controllers to the military market

Rapac Signs a Multi-Year Memorandum of Understanding with UQM TECHNOLOGIES Inc, ,a developer and manufacturer of power-dense, high-efficiency electric motors,  generators and power electronic controllers for the automotive, commercial  truck, bus and military markets. This MOU with RAPAC builds on UQM experience in the military industry and will expand the offerings and applications to the Israel market. RAPAC…