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DULUTH, Ga. -- NCR Corp. said its acquisition of Radiant Systems should be completed by this Wednesday. As CSNews Online reported last month, the $1.2 billion purchase was approved by the board of directors of both companies.
NCR is a global technology company providing many products for convenience store retailers such as ATMs, self-service kiosks and a host of point-of-sale solutions. Radiant is also a point-of-sale solution provider to convenience stores. Most recently, Radiant struck hardware and software implementation deals with RaceTrac Petroleum and Kwik Trip Inc.
NCR's wholly owned subsidiary, Ranger Acquisition Corp., is not only buying 87 percent of the outstanding shares of Radiant, but it should also incorporate Texas Digital Systems Inc. As CSNews Online reported on Aug. 10, Radiant announced it would acquire the technology provider to convenience stores for an undisclosed sum, pending regulatory approval.
Radiant made the purchase, despite agreeing to be acquired by NCR, because order confirmation and digital signage present a great growth opportunity. "This acquisition enhances our ability to accelerate the adoption of digital signage," said Radiant COO Andy Heyman. "Integrating Texas Digital's products into our solution offerings will drive more value for our customers."