LS Retail will operate as a stand-alone business unit within Aptos, continue its focus on developing world-class unified commerce software solutions
ATLANTA & REYKJAVIK, Iceland — Feb. 16, 2021 — Aptos, a recognised market leader in retail technology solutions, today announced the completion of the previously announced transaction to acquire LS Retail. With the deal’s culmination, LS Retail will operate as a stand-alone business unit within Aptos.
On Jan. 12, 2021, the companies issued a joint press release stating Aptos’ intent to acquire the Iceland-based software firm. Read the previously published press release, Aptos Signs Definitive Agreement to Acquire LS Retail.
The combination of Aptos and LS Retail creates a retail technology powerhouse that is uniquely equipped to support retailers across all tiers, verticals and geographies with advanced and innovative unified commerce solutions.
LS Retail’s solutions, which are built on Microsoft technology, will continue to be sold, implemented and supported through a strategic global network of channel partners servicing more than 80,000 customer sites in over 140 countries.
Fried, Frank, Harris, Shriver & Jacobson LLP acted as counsel to Aptos on the transaction. Barclays Investment Bank acted as LS Retail’s exclusive financial adviser, and White and Case LLP and Réttur -Aðalsteinsson & Partners ehf. served as LS Retail’s legal counsel.
Aptos is a portfolio company of the Merchant Banking business of Goldman Sachs, which is one of the largest managers of private capital globally.
In an era of virtually limitless choice, sustained competitive advantage only comes to retailers who truly understand their customers, what they want and why they buy. We are committed to a deep understanding of each of our clients and to fulfilling their needs with the retail industry’s most comprehensive omnichannel solutions. More than 1,000 retail brands rely on our solutions to deliver every shopper a personalised, empowered and seamless experience – no matter when, where or how they shop. Learn more: www.aptos.com.
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Aptos and the Aptos logo are trademarks of Aptos. All other trademarks referenced are the property of their respective owners.
About LS Retail
LS Retail is a world-leading provider of unified commerce solutions for retail, hospitality, food service and forecourt businesses of all sizes. Our unified commerce management systems power thousands of fashion boutiques, electronics stores, furniture giants, duty-free chains, restaurants, hotels, coffee shops, gas stations, convenience stores and more.
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