Ambassador will operate using the technology platform of Trilogy And you will receive a license, exclusively in Israel and without a time limit, for the use of its systems and intellectual property in the field of locating activities. In addition, Trepilog will provide, in exchange for payment, exclusive services to the company in the field of activity, including development and adjustment services of Trefilog in which the ambassador will use and supply and maintain services of the equipment used by the company.
Trafilog will continue to operate independently in Israel in the fields of vehicle fleet diagnostics and the advanced solutions it provides in the automotive world.
Trefilog’s systems, which specialize in the development of advanced services and solutions for locating, managing vehicle fleets, diagnostics, will provide information and service to end customers regarding malfunctions, theft alerts and safety. Which will allow customers to get a comprehensive and fast response to car care including the traditional ambassador road services.
In accordance with the agreement, it was determined that Ambassador will pay the trilogy a cash payment of NIS 6 million plus VAT and approximately NIS 14 million plus VAT depending on performance.
David Michael, CEO of the Ambassador Group, said that: “Acquiring the locator and synergy activity with Trefoil will allow us to provide a holistic solution to our end customers and appeal to additional customers.
Orly Yosef, Director of Trefilog Operations in Israel, added: “We are pleased to cooperate with Shagrir, which is the leading group in its field in Israel. Trefilog’s solutions are known for their quality and as we work around the world with many business partners, we have also implemented this model in Israel. Because we will know how to take advantage of the business opportunities we face and the fruitful cooperation between the two companies. “