MICROS Systems, Inc. has entered into an agreement to acquire Torex Retail Holdings Limited, a provider of innovative technology to the retail, hospitality and convenience and fuel markets. Torex’s position in the UK and Europe will support MICROS’s strategy of international expansion in the retail market.

MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, leisure and entertainment, and retail operations in more than 180 countries, and on all seven continents.

Torex has operations in the UK, Germany, Belgium, Netherlands, the Nordics, and the US. Their technology portfolio ranges from point-of-sale to solutions which address merchandise planning, business analytics, loss prevention and multi-channel trading, as well as more consumer-facing solutions for e-commerce, vouchering, loyalty programmes and integration with social media networks.

The deal is dependent on approval from a number of governmental regulatory bodies in Germany and Norway.

“This is very exciting news for our industry and particularly for MICROS and Torex customers,” states Kaweh Niroomand, president, MICROS-Fidelio, EAME at MICROS Systems Inc. “More so than ever, technology innovation and efficiency are fundamental to business success and this acquisition will allow us to deliver a broader range of products and services to new and existing customers.”

“This is a great deal for both companies, and reflects the transformation which has taken place at Torex as a result of our employees’ hard work and commitment over the last few years,” stated Steve Rowley, CEO, Torex. “Together, we are positioned to provide our customers with a large portfolio of innovative technology which supports our customers’ business needs.”

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