Telsys Ltd. (TASE:TLSY), Arledan Investments Ltd., Tzaly Reshef, Ofer Reshef agreed to acquire 42% stake in Variscite Ltd for $26 million on March 28, 2017. On June 27, 2017 Telsys Ltd. with Arledan Investments Ltd. signed a definitive agreement to acquire 23.29% of Variscite Ltd for $27.7 million. The acquisition is subject to a definitive agreement and antitrust approval. Board of Telsys approved the acquisition.