NCR Completes Retalix Acquisition

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NCR Completes Retalix Acquisition

02/06/2013

DULUTH, Ga. -- NCR Corp. has completed its acquisition of Retalix Ltd., a provider of retail software and services. Retalix is now a wholly owned subsidiary of NCR, and its common stock has stopped trading on the NASDAQ Global Select Market and Tel Aviv Stock Exchange and will be delisted.

"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.

NCR paid a cash purchase price of $30.00 per Retalix share, implying a transaction value of approximately $650 million, excluding related fees.

"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," added Nuti.

As previously reported by CSNews Online, the acquisition was announced in November. NCR has 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.

Jefferies & Co. Inc. acted as financial advisor and Meitar Liquornik Geva & Leshem Brandwein provided legal advice to Retalix Ltd. J.P. Morgan acted as exclusive financial advisor, while Morrison & Foerster LLP and Amit, Pollak, Matalon & Co. provided legal advice to NCR.

Retalix's software and services are deployed in more than 70,000 retail locations, with more than 400,000 customer touchpoints in 50-plus countries.

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