NCR Corp. announced another step toward its transformation to a hardware-enabled, software-driven business model with news of its completed acquisition of Retalix Ltd.

In the transaction, NCR is paying a cash purchase price of $30 per Retalix share, implying a transaction value of approximately $650 million, the announcement said. With the completion of the transaction, Retalix became a wholly owned subsidiary of NCR. Its common stock will be delisted and will no longer trade on the NASDAQ Global Select Market and the Tel Aviv Stock Exchange.

"This acquisition is another demonstration of NCR's commitment to global innovation, leadership and delivering a world-class portfolio of solutions that create significant value for our shareholders and customers," said NCR Chairman and CEO Bill Nuti. "Retalix's market-leading software, services capabilities and exceptional talent are a strategic fit for NCR, and support our continued focus on a future driven by software, wrapped elegantly in hardware and services."

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