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FRISCO, Texas - Fujitsu Transaction Solutions, Inc. has signed a definitive agreement with Optimal Robotics Corp. to acquire Optimal's self-checkout business for $35 million in cash and an assumption of liabilities. The agreement is subject to approval by Optimal's shareholders.
The agreement covers self-checkout systems and related services marketed by Montreal-based Optimal under the U-Scan brand. U-Scan is a leading self-checkout system in North America.
"Self-checkout is a key component of our strategy to aggressively expand Fujitsu's share of the retail market," said Austen Mulinder, president and c.e.o. of Fujitsu Transaction Solutions. "We have strong momentum among retailers making next-generation decisions, and this capability can further underpin that momentum."
The agreement also would enable StoreNext Retail Technologies LLC, the market-leading 50/50 joint venture between Fujitsu and Retalix, Ltd., to offer self-checkout solutions to wholesalers and independent grocers through its extensive dealer network.
U-Scan systems enable shoppers to scan, bag, and pay for their purchases with little or no assistance from store personnel. Available in many of the top grocery chains, U-Scan self-checkout systems have been deployed throughout the United States, as well as in Canada and the United Kingdom.