Telrad Networks Ltd. (TASE:TLRD) agreed to acquire Marmanet Organization And Projects Management Ltd. from SkyFund for ILS 97 million in March 2019. As part of the transaction, at closing, SkyFund will, simultaneously, purchase Amanet Management & Systems Ltd's shares in Marmanet and sell Marmanet’s entire equity to Telrad Networks Ltd. Telrad Networks Ltd. will use a ILS 78 million loan from Marmanet and two banks pay for the acquisition, with the rest coming from its own resources. Marmanet Organization And Projects Management Ltd. reported revenues of ILS 142 million and net profit of ILS 10.4 million in year 2018. The consummation of the transaction is subject, among other, to the approval of the Israel Competition Authority. Raz Tepper, Sharon Klein-Manbar and Merav Grinspan of Fischer Behar Chen Well Orion & Co acted as legal advisor to SkyFund. Telrad Networks Ltd. (TASE:TLRD) completed the acquisition Marmanet Organization And Projects Management Ltd. from SkyFund on April 30, 2019.