NCR to Acquire Retalix for $650M

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NCR to Acquire Retalix for $650M

11/28/2012

DULUTH, Ga. -- NCR Corp. will acquire Retalix Ltd., a global provider of integrated software solutions and services, for $30 per share or approximately $650 million.

According to a statement released by NCR, this acquisition will strengthen its technology leadership position in the retail industry and build upon the successful integration of Radiant Systems into the NCR portfolio of solutions. NCR acquired Radiant, a point-of-sale solution provider, in 2011.

"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 more than 70,000 retail locations, with more than 400,000 customer touch points in 50-plus countries.

"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. "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. I am proud of our achievements and strongly believe that this is a great move that will benefit our customers, employees and shareholders."

In addition to strengthening its retail position, NCR said it will use Retalix's software to accelerate the development of its enterprise software program, 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.

The transaction, subject to Retalix shareholder approval and customary regulatory requirements, is expected to be completed by the first quarter of 2013.

The $30-per-share offer is considerably higher than Retalix's recent share price. Yesterday, it last traded at $21.90 per share on the NASDAQ stock market.

NCR Corp. is a global technology provider of assisted- and self-service solutions, including automated teller machines.