Torex, the leading global provider of innovative technology to the retail, hospitality and convenience and fuel markets, announces that it has acquired the Retail Division (RBS) of Sanderson Group plc for a consideration of up to £11.75 million. The complementary skills and technology from both companies will create a clear market leader in store and multi-channel systems.
RBS is a leading UK supplier of retail IT solutions and services, providing comprehensive solutions for all types of retailer, including high street multiples, multi-fascia retailers, department stores, visitor destinations, garden centres, speciality and charity retailers. For the year ended 30 September 2011, RBS generated approximately £12.5 million in revenues.
Its principal activity is the provision of a broad range of services, including a full managed services offering, together with value added technology, around Torex's market leading retail solution, Retail-J. RBS supports 25 UK retailers on Retail-J, including Wilkinson, Selfridges, Hamleys, Fenwick and French Connection.
Retail-J is an integrated, web-enabled suite of in-store and central applications suited to the needs of medium and large retailers. It offers real-time central management and control of the Point of Sale, giving retailers visibility into trading performance, lower cost of ownership and a robust platform for business information requirements.
By combining RBS' market leading delivery and proven managed services infrastructure with the Torex technology development and sales strength, Torex is creating a full set of services for current and future customers. The acquisition will support the global growth of Torex's retail division, by adding an excellent delivery capability, broadened product offering and improving the ability to scale the business.
Steve Rowley, Chief Executive Officer, Torex, commented, "We have worked closely with RBS for many years and this acquisition makes perfect sense. It brings together RBS' excellent managed services and delivery capabilities with our market leading technology and go-to-market strategy. Together, we can provide current and future customers with a full retail technology service"
Steve Watson, Deputy Chairman of Sanderson Retail Division, commented, "Dave Mahoney and his team at RBS have worked hard over the last ten years to create a business where service excellence is at the heart of everything they do. Bringing RBS and Torex together will provide an exciting opportunity for us to offer this services capability to a substantially larger customer base and to support the continued growth of Retail-J."
