News

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.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords:
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events