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 and maintenance of computerized solutions to gas stations with large clientele. As such, Orpak expects to strengthen its position and presence in Latin America in general, and in Brazil , specifically.

 

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