Torex, a leading global provider of technology to the retail, hospitality and convenience and fuel markets, has acquired the Retail Division (RBS) of Sanderson Group for £11.75m. According to Torex, the deal will create a clear market leader in store and multi-channel systems.
RBS is a leading UK supplier of retail IT solutions and services, providing solutions for retailers including high street multiples, multi-fascia retailers, department stores, visitor destinations, garden centres, speciality and charity retailers. In the year ended 30 September 2011, RBS had sales of approximately £12.5m.
Its principal activity is the provision of a range of services, including a full managed services offering, together with value added technology, around Torex’s market leading retail solution, Retail-J.
RBS supports 25 UK retailers on Retail-J, including Wilkinson, Selfridges, Hamleys, Fenwick and French Connection.
Retail-J is described as an integrated, web-enabled suite of in-store and central applications suited to the needs of medium and large retailers. It offers real-time central management and control of the point of sale, giving retailers visibility into trading performance, lower cost of ownership and a robust platform for business information requirements, said Torex.
By combining RBS’ delivery and managed services infrastructure with its technology development and sales strength, Torex said it is creating a full set of services for current and future customers. The acquisition will support the global growth of Torex’s retail division, by adding an excellent delivery capability, broadened product offering and improving the ability to scale the business, the company added.
Steve Rowley, chief executive officer, Torex, said: “We have worked closely with RBS for many years and this acquisition makes perfect sense. It brings together RBS’ excellent managed services and delivery capabilities with our market leading technology and go-to-market strategy. Together, we can provide current and future customers with a full retail technology service.”
Steve Watson, deputy chairman of Sanderson Retail Division, said: ‘‘Dave Mahoney and his team at RBS have worked hard over the last 10 years to create a business where service excellence is at the heart of everything they do. Bringing RBS and Torex together will provide an exciting opportunity for us to offer this services capability to a substantially larger customer base and to support the continued growth of Retail-J.’’