MICROS Announces Agreement To Acquire Torex Retail Holdings for 114.5 Pounds

MICROS Systems, Inc. (NASDAQ: MCRS), a leading provider of information technology solutions for the hospitality and retail industries, is pleased to announce that it has signed an agreement to acquire the outstanding stock of Torex Retail Holdings, Ltd. from its private equity owners. The purchase price is approximately 114.5 million Pounds in cash and the assumption of debt valued at 48.0 million Pounds.

Torex Retail Holdings, Ltd., headquartered in Dunstable, England, is a provider of information technology systems for the retail, fuel and convenience stores and pub markets in the United Kingdom and Continental Europe. The deal is expected to close in a timely fashion, subject to customary government approvals.