NCR Acquiring Retalix For $650 Million

Posted Nov 28, 2012

NCR Corporation has announced a definitive agreement to acquire Retalix Ltd., a retailer software and services company at a price of $30 per Retalix share.  This puts the transaction value at $650 million.

Through the acquisition, NCR believes that Retalix will strengthen their global leadership position in the retail industry.  ?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,? stated 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 used at 70,000 retail locations with over 400,000 customer touch points in over 50 countries.  Transactions worth billions of dollars go through Retalix’s software.

JPMorgan was the exclusive financial advisor and Morrison & Foerster LLP and Amit, Pollak, Matalon & Co. acted as legal counsel to NCR on the transaction.  Jefferies & Co., Inc. acted as financial advisor and Meitar Liquornik Geva & Leshem Brandwein acted as legal counsel to Retalix Ltd. on the transaction.