News

NCR to buy Optimal Robotics' self-checkout biz

February 15, 2004

DAYTON, Ohio, and MONTREAL, Quebec -- NCR Corp. and Optimal Robotics Corp. have entered into an agreement in principle for NCR to acquire Optimal's self-checkout business for US$30 million.

The agreement covers the systems and services marketed by Optimal under the U-Scan brand, according to a news release. NCR currently markets the NCR FastLane self-checkout system that allows shoppers to scan, bag and pay for purchases, without cashier assistance.

After accounting for all related costs, the acquisition will be slightly accretive to NCR's 2004 earnings assuming an early second-quarter close, the release said.

Completion of the transaction is subject to execution of definitive documentation, approval by Optimal shareholders, receipt of certain third-party consents and approvals and other customary conditions, the release said. The transaction is expected to close by early April.