Hispanolistic
- PAR Technology (NYSE:PAR) to acquire TASK Group for cash and PAR common stock at an implied value of about $206 million, and has completed its acquisition of Stuzo Holdings, for about $190 million paid in cash and stock, it said Monday.
- The closing of the TASK acquisition is expected to occur in the third quarter of 2024, subject to TASK shareholder approval, Australian court approval, and certain regulatory approvals.
- The two transactions expand PAR Technology's (PAR) cloud-based unified commerce software offerings into convenience stores and fuel retailers, as well as international markets.
- The acquisition of Stuzo, a digital engagement software provider, and TASK, Australia-based global foodservice transaction platform, are expected to add over $80 million of annual recurring revenue and over $20 million of Adjusted EBITDA to the company, based on their trailing twelve-month actuals.
- PAR Technology (PAR) to host a conference call to discuss the transactions at 9:00 a.m. ET on Monday, March 11.
- Source: Press Release