NCR (NYSE:NCR) has agreed to acquire retail software and service provider Retalix (NASDAQ: RTLX), the former company announced Wednesday. The price is $30 per share, for a total transaction value of around $650 million.
NCR CEO Bill Nuti was quoted in the company press release as saying that "Retalix's market-leading software and services capabilities will enhance NCR's retail solutions, creating a world-class portfolio of offerings."
The transaction is expected to be completed in the first quarter of 2013. Retalix, whose software and services are deployed in more than 70,000 retail locations in more than 50 countries, will merge with a subsidiary of NCR. Retalix's closing price on Tuesday was $21.90 per share.
The acquisition marks NCR's second strategic buy in the software sphere in as many years. In August 2011, it finalized a $1.2 billion acquisition of Radiant Systems, a company specialized in the manufacture of kiosks and software systems for the hospitality and restaurant industries.