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NCR acquires Retalix for $650m
Posted By Viva Sarah Press On November 29, 2012 @ 4:23 am In | No Comments
NCR Corporation has announced the acquisition of Ra’anana-based Retalix, a leading global provider of innovative retail software and services, for a whopping $650 million.
The American technology company — a leader in assisted- and self-service solutions and comprehensive support services that address the needs of retail, financial, travel, hospitality, gaming, public sector, and telecom carrier and equipment organizations — says the addition of Retalix will strengthen its position in the retail industry.
“Retalix is a strong, strategic fit for NCR and the combination of our two companies will drive significant value for both our shareholders and customers,” said Bill Nuti, NCR Chairman and CEO.
Retalix’s software and services are deployed in over 70,000 retail locations with more than 400,000 customer touch points in over 50 countries that transact billions of dollars in annual sales across its platform.
“Combining Retalix’s impressive team and portfolio with NCR will create a powerful enterprise-class software platform capable of delivering a sustained competitive advantage in the retail industry,” said Shuky Sheffer, Chief Executive Officer of Retalix. “Together, we will create a talent pool and solutions portfolio that will be richer than anything available before, enabling our customers to deliver a superior omni-channel shopping experience. I am proud of our achievements and strongly believe that this is a great move that will benefit our customers, employees and shareholders.”
Shareholders had what to celebrate. Under the terms of the agreement, Retalix will merge with a subsidiary of NCR, and Retalix shareholders will receive $30.00 in cash per share of Retalix common stock which could ultimately be worth as much as $800 million.
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