Atlas Holdings completes first phase of purchase of NCR Corporation's Interactive Printer Solutions Division
Clients Atlas Holdings, LLC
Jones Day represented affiliates of Atlas Holdings, LLC in its acquisition of the Interactive Printer Solutions ("IPS") division of NCR Corporation. IPS is a leading global provider of innovative consumable products and solutions for transactions, logistics, and business processes in the retail, financial, hospitality, e-commerce, warehousing, distribution, and manufacturing industries. The transaction included the acquisition of manufacturing facilities in both Chile and Mexico, as well as other operational assets in various other countries in the region, including Spain. The first phase of the transaction included all dedicated assets of NCR's IPS division, including all manufacturing facilities and strategically located IPS distribution centers and the IPS employees, world wide, other than in the Middle East and Africa (MEA) region. IPS assets in the MEA region will continue to be operated by NCR while the parties work to satisfy regional closing conditions. Structuring the transaction as a hybrid of an asset and stock acquisition, Jones Day managed the acquisition in more than 30 jurisdictions around the world, navigating varied regulatory regimes en route to bringing the transaction to a successful closing.