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New Deal


Announced

ParTech to acquire TASK Group for $206m.

Financials

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Transaction Value£160m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

Acquisition

Pending

Single Bidder

customer experiences

technology solutions

Friendly

cloud-based platform

Digital Services

Majority

Private

Domestic

Synopsis

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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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