PAR Technology Corporation Announces Closing of Acquisition of TASK Group Holdings Limited
22 Luglio 2024 - 2:00PM
Business Wire
Acquisition broadens PAR’s reach beyond the United States and
has the potential to bring additional premier global brands into
the PAR fold.
PAR Technology Corporation (NYSE: PAR) a global foodservice
technology company providing unified commerce solutions to
enterprise restaurants and other foodservice outlets today
announced the closing of the previously reported acquisition of
TASK Group Holdings Limited (TASK), an Australia-based global
foodservice transaction platform.
TASK provides international unified commerce solutions,
including interactive customer engagement and seamless integration,
tailored for major brands worldwide. This has made TASK’s
transaction management platform the platform of choice for some of
the world’s most successful and recognized foodservice brands
including, Starbucks, and Guzman Y Gomez while its loyalty customer
engagement platform is used by McDonald’s in 65 markets.
With the addition of TASK, PAR will be able to serve the top
enterprise foodservice brands across the globe with a unified
commerce approach from front-of-house to back-of-house.
PAR Technology finalized the acquisition for cash consideration
of approximately U.S. $131.5 million, and the issuance at closing
of 2,163,393 shares of PAR Technology common stock.
Now aligned, the combination of PAR Technology and TASK can now
provide enterprise foodservice companies with a unified commerce
and “better together” platform for seamless operations in their
stores across the globe.
ABOUT PAR TECHNOLOGY
For more than 40 years, PAR Technology’s (NYSE: PAR)
cutting-edge products and services have helped bold and passionate
restaurant brands build lasting guest relationships. We are the
partner enterprise restaurants rely on when they need to serve
amazing moments from open to close, during the most hectic rush
hours, and when the world forces them to adapt and overcome. More
than 70,000 restaurants in more than 110 countries use PAR’s
restaurant hardware, software, loyalty, drive-thru, and back-office
solutions. To learn more, visit www.partech.com or connect with us
on LinkedIn, Twitter, Facebook, and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20240722864859/en/
Christopher R. Byrnes (315) 743-8376 cbyrnes@partech.com,
www.partech.com
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