PAR Technology to acquire 3M’s Drive Thru Communications Systems Business.

ParTech a wholly owned subsidiary of PAR Technology has acquired the assets of 3M’s Drive Thru Communications Systems business. 3M is a technology leader in drive thru communications for restaurants with a comprehensive offering of wireless headsets for order taking in the drive thru that includes the XT-1 and G5 headset systems. “The wireless headset communication portfolio is an attractive bolt-on, that effectively leverages our current infrastructure with minimal incremental investment. This portfolio will increase our footprint and wallet share in the restaurant, that in turn will accelerate stronger lead generation for our Brink POS® cloud offering. In addition, we believe this acquisition will be financially accretive day 1, well before any synergies are instituted, and diversifies our core business from the cyclicality of our traditional POS buying cycle.” Savneet Singh, CEO & President, PAR Technology.