A.L.D. Advanced Logistics Developments Ltd. (TASE:ALD) and QPoint Technologies Ltd. entered into an agreement to acquire Aginix Communications and Computers Ltd. for ILS 2.8 million on April 20, 2016. Out of the consideration amount of ILS 2.8 million, ILS 0.8 million will be transferred upon completion and up to ILS 2 million will be paid in four installments within 24 months from completion. Payment of ILS 0.5 million depends on orders filed by a specific customer, and ILS 0.5 million are subject to confirmation. Upon closing, T A.L.D. Advanced Logistics Developments will hold 49.94% stake and QPoint will hold 50.06% stake, in Aginix Communications. The transaction is subject to approval from Board of A.L.D. Advanced Logistics Developments, QPoint Technologies, and Aginix Communications. A.L.D. Advanced Logistics Developments Ltd. (TASE:ALD) and QPoint Technologies Ltd completed the acquisition of Aginix Communications and Computers Ltd on May 3, 2016.