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)出售其政府业务板块的交易，包括PAR Government Systems Corporation和Rome Research Corporation等子公司，交易价款1.02亿美元。
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.
该公司表示，已完成了对PGSC所有股权的出售，转让给Booz Allen Hamilton Holding Corporation，交易于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已经与NexTech Solutions Holdings，LLC (NTS)达成协议，出售其RRC，根据该协议，NTS将收购RRC的所有股权，交易预计于2024年第二季度结束。
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出售非核心资产并重新投资以获得更高回报的战略的重要一步。
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.
此次收购增强了Booz Allen在任务和技术交集的位置，并与其VoLT（速度、领导、技术）成长战略、投资主题以及当前和预期的国防部优先事项相一致。
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的首席执行官Savneet Singh表示：“今天的公告代表了PAR推动成为全球最大的企业餐饮技术提供商的目标历程中的一个里程碑。”
"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."
“向着备受关注的战略买家Booz Allen Hamilton和NexTech Solutions出售政府板块，是在这些公司方面的一个明确的适合，允许进行无缝的过渡，并为PGSC和RRC的持续成功设下了基础。”
Price Action: PAR shares closed higher by 6.12% at $45.57 on Monday.
价格行情：周一，PAR股价上涨6.12%，报45.57美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本文部分内容使用了Benzinga Neuro的帮助。此内容部分使用人工智能工具生成，并由Benzinga编辑审查和发布。
Photo via Shutterstock
图片来自shutterstock。