Micros Systems completes Torex deal and looks to leverage European presence

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Micros Systems a leading provider of information technology solutions for the hospitality and retail industries, has completed its acquisition of Torex Retail Holdings.

According to Micros Systems, Torex – a European market leader for store systems in retail, hospitality, convenience and fuel markets – will support its strategy to extend its position in the retail market beyond North America into the UK and Europe, and broaden its position in the hospitality market by bringing complementary technology to both companies.

As well as bringing valuable customers, technology and employee expertise across retail and hospitality, Micros said it will use Torex’s presence in the convenience and fuel market in Europe as a foothold for further expansion. 

In addition to the continued investment in market leading technology, customers will benefit from the extended product and professional service portfolio of the combined group, the company claims.