News

NCR to sell commercial printer consumables division

The sale supports NCR's goal to transform itself into a software- and services-driven business, CEO and chairman Bill Nuti says.

January 11, 2016

NCR Corp. has signed a definitive agreement to sell its interactive printer solutions division to Atlas Holdings LLC. According to a press release, the company expects the transaction to be completed in the second quarter.

NCR's IPS division is a provider of 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 stock and custom color-printed paper receipt rolls, pressure-sensitive label solutions, impact inking and thermal transfer ribbons, as well as other transaction-related consumables.

Atlas Holdings LLC and its affiliates own and operate sixteen manufacturing and distribution companies and other facilities in more than 100 locations across the globe, the release said.

NCR Chairman and CEO Bill Nuti said that the sale of the IPS division supports the company's goal to transform itself into a software- and services-driven business.

"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," he said.

According to the release, the transaction will include all dedicated assets of the IPS division, including manufacturing facilities, distribution centers, and employees. IPS will operate as a stand-alone portfolio company of Atlas Holdings, and will continue to maintain a commercial relationship with NCR.

Financial terms of the agreement were not disclosed.