PAR Technology Corporation to Acquire 3M’s Drive Thru Communications Systems Business
Summary
3M’s Drive Thru communication portfolio will strategically expand PAR’s restaurant technology solution to offer a complete end-to-end order taking system, which includes Brink POS® software, EverServ hardware platforms and industry leading services. This portfolio will increase our footprint and wallet share in the restaurant, that in turn will accelerate stronger lead generation for our Brink POS® cloud offering. Factors that could cause actual results to differ materially from those expressed or implied include, without limitation, delay in the closing of the acquisition, the failure to successfully integrate the acquired assets, unrealized synergies, lower than anticipated cashflow, changes in business conditions and the economy in general, changes in market demand and pricing pressures, material changes in the allocation of suppliers, loss of customers or distributors, competition and the other factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law. PAR’s Government Business is a leader in providing intelligence, surveillance, and reconnaissance (“ISR”) solutions and mission systems support to the Department of Defense and other Federal agencies.
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