Enterprise business software solutions provider Epicor Software Corp. says that it will acquire NSB Retail Systems plc for approximately $322 million.
UK-based NSB is a global provider of software solutions and services for the specialty retail market. Over the past five years, Epicor has acquired a series of companies as part of a strategy to grow the company both organically and through acquisitions.
NSB’s current retail market focus and customer base in the fragmented specialty retail market will offer Epicor with “excellent cross-selling opportunities and significant economies of scale across the combined company,” said George Klaus, chairman and CEO of Epicor, in a statement.
NSB’s North American customers include Chico’s, Donna Karan, Gamestop and Giorgio Armani.
Irvine, CA-based Epicor’s existing retail offerings include CRS, which includes point-of-sale, merchandising, CRM, loss prevention, sales audit, returns management, cross-channel order management, learning solutions and retail services for more than 130 specialty retailers.
David Henning, NSB’s current CEO, is expected to remain with the combined company in an executive management role heading Epicor’s expanded retail business.