NCR has confirmed its has acquired Ra’Anana, Israel-based Retalix, Ltd. for approximately $650 million.
The addition of Retalix is another piece in NCR’s global retail strategy going forward. It also builds on NCR’s integration of Radiant Systems. The transaction is expected to accelerate NCR’s corporate strategy by increasing the portfolio mix of higher-margin software and services.
David Wilkenson, the Vice-President Global Channels for NCR, said this acquisition will strengthen NCR’s leadership position in the retail industry. We are investing to build a superior portfolio of retail solutions. NCR plans to deliver a comprehensive solution from the enterprise to the store,” Wilkenson said in a letter to channel partners in Canada.
Retalix’s software and services are deployed in more than 70,000 retail locations with more than 400,000 customer touch points in more than 50 countries that transact billions of dollars in annual sales across its platform.
Under the terms of the agreement, Retalix will merge with a subsidiary of NCR, and Retalix shareholders will receive $30.00 in cash per share of Retalix common stock. The transaction will be financed through a combination of cash and debt, and is expected to be accretive to NCR’s Non-GAAP earnings for 2013.
One of the more interesting aspects of Retalix is that it has a business unit called Channel Partners. Retalix Channel Partners is a technology company that focuses on providing solutions for independent grocers and small chains.
