NCR agreed to pay $30 a share to acquire retail software and service provider Retalix in a deal valued at $650 million.
NCR said the acquisition Ratalix would strengthen its global leadership position in the retail industry and build upon the integration of Radiant Systems into the NCR portfolio of solutions. In addition, NCR said the deal demonstrates its commitment to a strategy and continued transformation to a hardware-enabled, software-driven business model that delivers solutions to materially improve business processes while enabling seamless consumer experiences across touch points, locations, and channels.
"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 NCR chairman and CEO Bill Nuti. "Retalix’s market-leading software and services capabilities will enhance NCR’s retail solutions, creating a world-class portfolio of offerings. That innovation plus the addition of exceptional talent to our team positions NCR as the global leader in retail innovation."
According to the companies, 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. Retalix’s strength with blue-chip retailers will be highly complementary to NCR and will enable additional sales opportunities across the combined installed base, according to NCR.
Retalix CEO Shuky Sheffer said the combination of the companies would create a talent pool and solutions portfolio unlike anything in the market to deliver a superior omni-channel shopping experience.
NCR said it plans to use Retalix’s software to accelerate the development of NCR’s enterprise software platform, creating new software modules that can be used across the retail industry and leveraged across NCR’s financial, travel and hospitality industries on a global scale.