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Synel Owns Time America |
Synel Industries Ltd. strengthens its position in the American market in the field of broad solutions for management of the employees in the organization, by purchasing the activity of Time America Inc., and the establishment of a daughter company in Arizona.
The deal includes purchasing of the Company's distributor's activity, whose turnover sums up to over 4.5 Million USD in 2006. Synel also purchased the technological know-how and the Time America brand name, as well as the active distributor and customer base in North America.
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