Gilbarco Inc. signed a definitive agreement to acquire remaining 80% stake in Orpak Systems Ltd. from ORT Technologies Ltd. (TASE:ORTC) and others on May 17, 2017. Gilbarco Inc. will acquire 68.27% stake in Orpak Systems Ltd. from ORT Technologies Ltd. (TASE:ORTC) for $160 million. Completion of the transaction is contingent on suspending conditions, including the absence of any substantial worsening in Orpak's situation, approval of the merger by the antitrust authorities in Israel and Turkey, consent from the financing banks of ORT Technologies and Orpak, and the continued employment of key personnel in Orpak Systems.