PAR Technology Sells Government Segment For $102M, Doubles Down on Restaurant Tech
PAR Technology Sells Government Segment For $102M, Doubles Down on Restaurant Tech
PAR Technology Corporation (NYSE:PAR) disclosed the sale of its Government segment, including subsidiaries PAR Government Systems Corporation and Rome Research Corporation, for $102 million.
PAR Technology披露了向Booz Allen Hamilton Holding Corporation (NYSE:BAH)出售其政府業務板塊的交易，包括PAR Government Systems Corporation和Rome Research Corporation等子公司，交易價款1.02億美元。
The company stated that it has completed the sale of all equity interests in PGSC to Booz Allen Hamilton Holding Corporation (NYSE:BAH), with the transaction finalized on June 7.
該公司表示，已完成了對PGSC所有股權的出售，轉讓給Booz Allen Hamilton Holding Corporation，交易於6月7日完成。
PAR had entered into a deal to sell RRC to NexTech Solutions Holdings, LLC (NTS). Under this agreement, NTS will acquire all equity interests in RRC, and the transaction is expected to close by the end of the second quarter of 2024.
PAR已經與NexTech Solutions Holdings，LLC (NTS)達成協議，出售其RRC，根據該協議，NTS將收購RRC的所有股權，交易預計於2024年第二季度結束。
This divestiture is part of PAR's strategy to sell non-core assets and reinvest capital for higher returns.
此次出售是PAR出售非核心資產並重新投資以獲得更高回報的戰略的重要一步。
The acquisition enhances Booz Allen's position at the intersection of mission and technology, aligning with its VoLT (Velocity, Leadership, Technology) growth strategy, investment thesis, and current and anticipated Department of Defense priorities.
此次收購增強了Booz Allen在任務和技術交集的位置，並與其VoLT（速度、領導、技術）成長戰略、投資主題以及當前和預期的國防部優先事項相一致。
Savneet Singh, PAR Technology's Chief Executive Officer, said, "Today's announcement represents a milestone in advancing PAR's goal to become the world's largest technology provider to enterprise foodservice."
PAR Technology的首席執行官Savneet Singh表示：“今天的公告代表了PAR推動成爲全球最大的企業餐飲技術提供商的目標歷程中的一個里程碑。”
"The sale of our Government operating segment to notable strategic buyers, Booz Allen Hamilton and NexTech Solutions provides a clear fit for these businesses, allows for a seamless transition and sets up both PGSC and RRC for continued success."
“向着備受關注的戰略買家Booz Allen Hamilton和NexTech Solutions出售政府板塊，是在這些公司方面的一個明確的適合，允許進行無縫的過渡，併爲PGSC和RRC的持續成功設下了基礎。”
Price Action: PAR shares closed higher by 6.12% at $45.57 on Monday.
價格行情：週一，PAR股價上漲6.12%，報45.57美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。