I.B.I Investment House Ltd. (TASE:IBI) agreed to acquire 70% majority stake in Quality Financial Engineering Instruments & Holdings Ltd., from Fabcom Limited, Eran Notea and Ronnie Regons for ILS 12.6 million on July 15, 2019. Pursuant to the terms of the acquisition, on the date of completion, I.B.I Investment House Ltd., shall pay the inclusive sum of ILS 6.3 million. After 18 months of completion of the operation Quality shareholders will receive an additional payment which will be subject to a matching mechanism relating to the compliance of Quality with the business forecasts of the adjusted EBITDA on the basis of the value of Quality for the purpose of the transaction. I.B.I Investment House Ltd., estimates that if Quality's business results, as reflected in its audited financial statements for June 30 2020, meet the forecasts, the additional payment will amount to approximately ILS 6.3 million. Additionally, on completion of the deal, I.B.I Investment House Ltd., shall provide Quality a loan in the sum of ILS 2.6 million. I.B.I Investment House Ltd., I.B.I Investment House Ltd., shall finance the deal out of its own resources. Completion of the deal is subject to receipt of customary approvals.