Announced
Financials
Tags
Australia
Acquisition
Pending
Single Bidder
customer experiences
technology solutions
Friendly
cloud-based platform
Digital Services
Majority
Private
Domestic
Synopsis
ParTech, a global foodservice technology company and provider of unified commerce for enterprise restaurant brands, agreed to acquire TASK Group, an Australia-based global foodservice transaction platform, for $206m. "Our goal at PAR has been to be the largest food service technology company in the world. Adding TASK will provide us with a global platform to build upon this vision. TASK not only broadens our reach beyond the United States and has a strong cash flow profile but also has the potential to bring premier global brands into the PAR fold, and accelerate our future growth,” Savneet Singh, PAR Technology CEO.
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