A third party signed an agreement to acquire Kardan Technologies Ltd from Kardan Israel Ltd. (TASE:KRDI) for ILS 58.4 million on November 14, 2018. Kardan Technologies is now being sold together with all of its investments. As part of the agreement, for 72 months after completion of the deal, Kardan Israel would receive part of the proceeds received by the buyer from the holdings in GigaSpaces and Cloudify Platform. The transaction is subject to suspending conditions, including approval by the Antitrust Authority director general and confirmation that the situation of Kardan Technologies has not worsened. The deal is expected to close within three months. A third party completed the acquisition of Kardan Technologies Ltd from Kardan Israel Ltd. (TASE:KRDI) on February 13, 2019.