E & M Computing Ltd. (TASE:EMCO) signed an agreement to acquire Edco Technologies (1993) LTD. from Meitav DASH Investments Ltd (TASE:MTDS) and Benny Constantin for ILS 9.4 million on January 4, 2017. The transaction is expected to be funded through a loan. For the year 2016, Edco Technologies had total assets of ILS 45.17 million, total liabilities of ILS 29.58 million, total shareholders' equity of ILS 15.58 million, turnover of ILS 72.18 million and net income of ILS 3.32 million.

The transaction is subject to antitrust commissioner approval and agreement on the composition of share capital of Edco Technologies as of December 31, 2016.