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NCR Corporation has completed its acquisition of Retalix Ltd., a global provider of retail software and services in a cash transaction valued at approximately $650 million.
“This acquisition is another demonstration of NCR’s commitment to global innovation, leadership and delivering a world-class portfolio of solutions that create significant value for our shareholders and customers,” said NCR chairman and CEO, Bill Nuti. “Retalix’s market-leading software, services capabilities, and exceptional talent are a strategic fit for NCR, and support our continued focus on a future driven by software, wrapped elegantly in hardware and services.”
With the completion of the transaction, Retalix became a wholly owned subsidiary of NCR, and its common stock ceased to trade on the NASDAQ Global Select Market and Tel Aviv Stock Exchange.
J.P. Morgan acted as exclusive financial advisor and Morrison & Foerster LLP as well as Amit, Pollak, Matalon & Co. provided legal advice to NCR. Jefferies & Co., Inc. acted as financial advisor and Meitar Liquornik Geva & Leshem Brandwein provided legal advice to Retalix Ltd.
Duluth, Ga.-based NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, hospitality, gaming, public sector, telecom carrier and equipment organizations in more than 100 countries.