Duluth, Georgia-based NCR Corporation has announced a definitive agreement for NCR to acquire Raanana-based Retalix, a leading global provider of innovative retail software and services, for a transaction value of approximately $650 million that is expected to be completed in the first quarter of 2013. NCR is a global technology company leading how the world connects, interacts and transacts with business through 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 in more than 100 countries.
According to both companies, the addition of Retalix will strengthen NCR’s global leadership position in the retail industry, and builds upon its successful integration of Radiant Systems into the NCR portfolio of solutions. “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 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. The acquisition will provide Retalix’s customers with backing of a $5.3 billion leader, and deep knowledge in retail and adjacent industries.
“I am very excited about today’s announcement. 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.