Breaking Travel News

NCR Acquires Kinetics

NCR Corporation announced today that it has acquired Kinetics, Inc., a privately held company and leading provider of self-service solutions for the travel industry, for $26 million.Based in Lake Mary, Fla., Kinetics provides solutions that include airline
self-check-in, hotel self-check-in/check-out, quick-serve restaurant
pre-order and self-service event ticketing.  The acquisition covers the
systems, software and services developed and marketed by Kinetics.  Kinetics
will operate as a subsidiary of NCR, and its employees will remain with
“NCR currently offers leading self-service solutions such as bill payment,
self-checkout and other retails applications, as well as automated teller
machines.  Kinetics’ expertise, software platform and systems are strategic
additions to our self-service portfolio, enabling us to further extend our
market reach and leadership to additional segments, like airline and hotel
check-in, quick-service food ordering and event ticketing, ” said Lee
Schram, senior vice president of NCR’s Retail Solutions Division.
After accounting for all related costs, it is anticipated that the
acquisition will be neutral to NCR’s 2004 earnings.

“Joining with NCR, a recognized leader in self-service solutions, is the
right thing to do for Kinetics, our customers and our employees, at the
right time,” said David Melnik, president and chief executive officer of
Kinetics.  “This combination will propel our company into the next
generation of self-service technology, help us broaden our success in
changing the face of travel and enable us to seize new opportunities in the
international travel marketplace.”