Deal Snapshot
GILBARCO VEEDER-ROOT TO ACQUIRE ISRAELI FUELING TECHNOLOGY SYSTEMS PROVIDER ORPAK SYSTEMS
Friday 19 May 2017

US-based retail and commercial fueling operations technology company Gilbarco Veeder-Root has signed a definitive agreement to acquire Israeli fueling Technology systems provider Orpak Systems Ltd., the company said.
This deal is subject to customary conditions to closing. Terms of the deal were not disclosed. Headquartered in Bnei Brak, Israel, Orpak offers technology solutions to oil companies and commercial fleets. Orpak has over twenty-five years of experience. Orpak will join forces with Gilbarco Veeder-Root's retail and commercial fueling operations, allowing the combined company to offer a comprehensive suite of systems for retail and commercial fueling operations.


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Details
Date Published: 19/05/2017
Target: Orpak Systems
Country: Israel
Sector: Petroleum/Natural Gas/Coal
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Gilbarco Veeder-Root,  
Comment:
Terms of the deal were not disclosed

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