October 02, 2004

Industry news

Retail POS company NCR Buys Kinetics for 26M

Dayton, OH, Oct. 1 (UPI) -- NCR Corp. in Dayton, Ohio, Friday acquired Kinetics Inc. in Lake Mary, Fla., for $26 million.

Kinetics provides solutions that include airline self-check-in, hotel self-check-in/check-out, quick-serve restaurant pre-order and self-service event ticketing.

The acquisition covers the systems, software and services developed and marketed by Kinetics. Kinetics will operate as a subsidiary of NCR, and its employees will remain with Kinetics.

After accounting for all related costs, it is anticipated that the acquisition will be neutral to NCR's 2004 earnings.

NCR is a global technology company helping businesses build stronger relationships with their customers. NCR employs approximately 29,000 people worldwide


Posted by Craig at October 2, 2004 03:31 PM