NCR to Acquire Retalix for $650M
As part of its commitment to its strategy and continued transformation to a hardware-enabled, software-driven business model, NCR Corp. plans to acquire Retalix Ltd., a global provider of retail software and services, for a transaction value of approximately $650 million.
The addition of Retalix will strengthen NCR's global leadership position in the retail industry, and builds upon its integration of Radiant Systems into the NCR portfolio of solutions. It will also enable NCR to deliver solutions that 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.”
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.
“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, CEO 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.”
NCR also expects 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.