Elad Group Ltd. signed an agreement to acquire the entire business operations of Netcraft Ltd. from User Trend Ltd. (TASE:USER-M) for ILS 4.5 million on March 20, 2017. A total of ILS 1 million of the consideration will be transferred in a trust until December 31, 2017, as a guarantee. Upon completion, Netcraft will sell and transfer its entire business operations, including all of its agreements with clients, suppliers and contractors. Completion is subject to pre-conditions, such as antitrust commissioner approval, key clients’ approval to keep the same contracts with the buyer and an agreement with the User Trend's workers.