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MarketScreener Homepage  >  Equities  >  Nyse  >  NCR Corporation    NCR

NCR CORPORATION

(NCR)
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NCR : acquiring Oki assets in Brazil

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06/06/2019 | 09:34am EDT

NCR Corporation is acquiring Oki Electric Industry Brasil's IT services and select software assets for financial, retail and other industries. Financial details of the transaction were not disclosed, but neither OKI's manufacturing operations or its printing business in Brazil were included in the agreement, according to a company press release.

"This acquisition allows NCR to further scale its business and bring additional value to customers by increasing the breadth of NCR's service offerings in Brazil, including expanded support options for banks, retailers and restaurants," NCR President and Chief Executive Officer Michael D. Hayford, said in the release.

Shinya Kamagami, OKI president, said the deal was an opportunity for its Mechatronics Division to focus on a new global business strategy to design and manufacture note recycling technology, and shift the direction of its sales efforts to the recycling modules in addition to finished ATM products

The transaction is subject to customary closing conditions, but the companies anticipate a smooth transition for customers, channel partners and employees, according to the press release.

Founded in 1881 in Japan, Oki Electric Industry is an information and telecommunication manufacturer.

Copyright © 2019 Networld Media. All rights reserved., source Industry News

Stocks mentioned in the article
ChangeLast1st jan.
NCR CORPORATION 0.84% 31.33 Delayed Quote.34.62%
OKI ELECTRIC INDUSTRY CO., LTD. -0.62% 1289 End-of-day quote.0.31%
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Financials ($)
Sales 2019 6 514 M
EBIT 2019 758 M
Net income 2019 335 M
Debt 2019 3 022 M
Yield 2019 -
P/E ratio 2019 19,01
P/E ratio 2020 14,83
EV / Sales 2019 1,05x
EV / Sales 2020 0,98x
Capitalization 3 812 M
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 35,3 $
Spread / Average Target 11%
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Managers
NameTitle
Michael Dale Hayford President, Chief Executive Officer & Director
Frank R. Martire Executive Chairman
Owen J. Sullivan Chief Operating Officer
Andre John Fernandez Chief Financial Officer & Executive Vice President
William T. VanCuren Chief Information Officer & Senior Vice President
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