NCR and OKI Announce Definitive Acquisition Agreement for Key Assets in Brazil
Acquisition Reinforces NCR’s Presence and Investment in
“This acquisition allows NCR to further scale its business and bring
additional value to customers by increasing the breadth of NCR’s service
“This is a great opportunity for our Mechatronics Division to focus on the new global business strategy to design and manufacture note recycling technology, and shift the direction of our sales efforts to the recycling modules in addition to finished ATM products,” said Shinya Kamagami, OKI President. “We are delighted to work with NCR going forward, and we see this as a very complementary business relationship.”
The transaction is subject to customary closing conditions. The two companies anticipate a smooth transition for customers, channel partners and employees.
Founded in 1881,
Cautionary Statement Regarding Forward-Looking Statements
Statements in this announcement regarding the proposed transaction, the
expected timetable for completing the proposed transaction, future
financial and operating results, future capital structure and liquidity,
benefits of the proposed transaction, general business outlook and any
other statements about the future expectations, beliefs, goals, plans or
prospects of the board or management of NCR constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Any statements that are not statements of historical
fact (including statements containing the words "expects," "intends,"
"anticipates," "estimates," "predicts," "believes," "should,"
"potential," "may," "forecast," "objective," "plan," or "targets" and
other similar expressions) are intended to identify forward-looking
statements. There are a number of factors that could cause actual
results or events to differ materially from those indicated by such
forward-looking statements, including: the ability to obtain requisite
regulatory approvals; the potential impact of the announcement or
consummation of the proposed transaction on relationships, including
with employees, suppliers and customers; the ability to achieve the
value creation contemplated by the proposed transaction; and the other
factors and financial, operational and legal risks or uncertainties
described in the NCR’s public filings with the
NCR News Media Contact:
NCR Investor Contact:
Public Relations Division
Oki Electric Industry Co., Ltd.