NCR Acquires Kinetics

Friday 1 October 2004 15:12 CET | News

NCR Corporation has acquired Kinetics, Inc., a privately held company and leading provider of self-service solutions for the travel industry, for $26 million.

Based in Lake Mary, Fla., 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 NCRs 2004 earnings.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce