Orpak Strengthens Its Global Leadership in ForeFuel Services with the Acquisition of Greek Company Logicom

Bnei Brak, Israel, July 11, 2017 --(PR.com)-- Orpak Systems, a leading solution and service provider for retail gas stations and commercial fleets announced today the acquisition of the Greek company Logicom, a leading provider for fuel stations and c-store station automation in addition to fiscal inventory control (inflow-outflow) in the retail and home-base segments.

Logicom is a longtime partner and distributor of Orpak in Greece with offices in Athens and Thessaloniki. The acquisition is a significant step in the continued growth of Orpak in the Balkan area and will increase Logicom’s strong presence in the Greek market. With Orpak, Logicom will provide an added-value to the fuel market, presenting new solutions such as Orpak’s ForeFuel (Fuel Payment by Vehicle’s RFID) and ForeVision (Business Insight & Optimization suite) to the retail segment, leveraging the marketing power and global reach of an international player such as Orpak. These synergies will bring clear benefits to Orpak, Logicom and their customers.

“We are happy to see Logicom become part of Orpak’s success after a long and fruitful partnership,” stated Ilan Naveh, VP Sales at Orpak Systems. “Greece is an important market for Orpak and together with Logicom we plan to launch a nation-wide Automatic Vehicle Identification project. We have full confidence in Mr. Filippos Zaimis, CEO of Logicom, in managing our joint activities in this area.”

Shay Bakfan, CEO at Orpak added: “Logicom’s acquisition is part of our global strategy to strengthen our market reach in target markets, such as Balkan countries. We are at the right point in time to offer our innovative solutions and Logicom has the quality, service and presence we need.”

Commenting on the announcement, Filippos Zaimis, CEO of Logicom, said: “We are happy to become part of Orpak. The combination of Orpak's international presence, its advanced solutions with Logicom high quality fiscal automation and inflow-outflow solutions will dramatically improve our position in the industry.”

About Orpak Systems
Orpak Systems delivers comprehensive solutions to oil companies and commercial fleets, improving profitability and optimizing performance from the forecourt to the head office. Our hardware, software and services enhance the entire retail fuel network and fleet management value chains, be it the single fuel transaction, retail network optimization or business analytics. Orpak has a 25-year track record of success and innovation. Known for rapid deployment of large end to-end projects, our field-proven products are installed in more than 35,000 service stations and 7 million vehicles across 60 countries. Orpak solutions are distributed via an international network of subsidiaries and value-added partners. For more information, contact us at info@orpak.com or visit www.orpak.com.

About Logicom
Logicom is a leading provider in Greece of integrated fuel control and management systems with 25 years of experience, implementing projects in numerous private and public sectors. Partnerships and long-term support with prestigious fuel management solutions and market leadership.