DULUTH, Ga.--(BUSINESS WIRE)--Dec. 21, 2017--
NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions,
today announced it has completed the sale of all dedicated assets of its
former Interactive Printer Solutions (IPS) division located in the
Middle East and Africa (MEA) region to Interactive Printer Solutions
FZCO (IPS FZCO), a member of the Turbon Group of Companies. Financial
terms of the transaction were not disclosed.
The transaction includes NCR’s IPS manufacturing facility in the Jebel
Ali Free Zone in Dubai, strategically located IPS distribution centers,
and IPS employees, in the MEA region. IPS FZCO will continue to maintain
a commercial relationship with NCR following the transaction.
The transaction completes the final phase of the previously-announced
sale of NCR’s IPS division. NCR completed the first phase of that sale
to Atlas Holdings LLC last year.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions,
turning everyday interactions with businesses into exceptional
experiences. With its software, hardware, and portfolio of services, NCR
enables nearly 700 million transactions daily across the financial,
retail, hospitality, travel, telecom and technology industries. NCR
solutions run the everyday transactions that make your life easier. NCR
is headquartered in Duluth, Ga., with about 30,000 employees and does
business in 180 countries. NCR is a trademark of NCR Corporation in the
United States and other countries. NCR encourages investors to visit its
website which is updated regularly with financial and other important
information about NCR.
Website: www.ncr.com
Twitter:
@NCRCorporation
Facebook:
www.facebook.com/ncrcorp
LinkedIn:
www.linkedin.com/company/ncr-corporation
YouTube:
www.youtube.com/user/ncrcorporation
About Turbon AG / IPS FZCO
Turbon AG is a leading worldwide manufacturer and distributor of
compatible laser toner supplies and an established provider of printer
maintenance services. The Turbon Group of companies has over forty
years’ experience in the design and manufacture of imaging supplies and
is listed on the Frankfurt Stock Exchange (TUR:FRA).
A new company IPS FZCO has been established by Hattingen, Germany based
Turbon AG, in conjunction with two investors who are both former NCR
senior managers, Shankar Ganapathi and Simon McCouaig. IPS FZCO’s MEA
regional leadership in the Financial, Retail and Hospitality markets
with thermal receipts, tickets and cheque solutions will be complemented
by Turbon’s laser product offering, including such brands as IBM and
AGFAPHOTO in addition to a solution portfolio of managed print services
(MPS) and managed document services (MDS).
Website: www.turbon-group.com
Note to Investors This release contains forward-looking
statements. Forward-looking statements use words such as “expect,”
“anticipate,” “outlook,” “intend,” “plan,” “believe,” “will,” “should,”
“would,” “could” and words of similar meaning. Statements that describe
or relate to NCR’s plans, goals, intentions, strategies or financial
outlook, and statements that do not relate to historical or current
fact, are examples of forward-looking statements. Forward-looking
statements are based on our current beliefs, expectations and
assumptions, which may not prove to be accurate, and involve a number of
known and unknown risks and uncertainties, many of which are out of
NCR’s control. Forward-looking statements are not guarantees of future
performance, and there are a number of important factors that could
cause actual outcomes and results to differ materially from the results
contemplated by such forward-looking statements. Additional information
concerning these and other factors can be found in the Company’s filings
with the U.S. Securities and Exchange Commission, including the
Company’s most recent annual report on Form 10-K, quarterly reports on
Form 10-Q and current reports on Form 8- K. Any forward-looking
statement speaks only as of the date on which it is made. The Company
does not undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171221005964/en/
Source: NCR Corporation
NCR Corporation
Investor Contact:
Michael Nelson,
678-808-6995
michael.nelson@ncr.com
or
Media
Contact:
Scott Sykes, 212-589-8428
scott.sykes@ncr.com
or
Turbon
AG
Investor Contact:
Andreas Ullrich, +49 2324 504161
ullrich@turbon.de
or
Media
Contact:
Simon McCouaig, +44 7803 231257
mccouaig@turbon.de