Atlas Holdings will acquire NCR Corporation’s Interactive Printer Solutions (IPS) division.
The acquisition is anticipated to be completed in the second quarter of 2016. Financial terms of the transaction were not disclosed.
NCR’s IPS division provides consumable products and solutions for transactions, logistics and business processes in the retail, financial, hospitality, e-commerce, warehousing, distribution and manufacturing industries.
The division provides solutions including stock and custom color-printed paper receipt rolls, pressure-sensitive label solutions, impact inking and thermal transfer ribbons, as well as other transaction related consumable products.
“While the consumables business has been an important part of NCR’s history, the decision to sell the IPS division is aligned with our long-term vision for how we can best position NCR for success now and in the future,” said NCR Chairman and CEO Bill Nuti.
The transaction will include all dedicated assets of the IPS division, including all manufacturing facilities and strategically located IPS distribution centers worldwide, and the IPS employees.
After the acquisition, IPS will operate as a stand-alone portfolio company of Atlas Holdings, and will continue to maintain a commercial relationship with NCR.
Atlas Holdings LLC and its affiliates own and operate sixteen manufacturing and distribution companies, with approximately 20,000 associates and facilities in over 100 locations across the globe.