Aptos, a recognised leader in retail technology solutions, announced on 12/01/2021 that it has entered into a definitive agreement to acquire LS Retail. The proposed acquisition of LS Retail by Aptos follows the announcement of the acquisition by affiliates of Goldman Sachs Merchant Banking Division, which was completed last year. The new strategic ownership change paves the way for accelerated investment in product innovation and continued focus on global market expansion. Until the transaction closes, which is expected in February 2021, LS Retail will operate as a standalone business unit within Aptos.
The combination of Aptos and LS Retail will create a retail technology powerhouse uniquely positioned to support retailers of all levels, industries and geographies with advanced and innovative unified commerce solutions. The combination of the two companies' customers creates a unique customer community whose collective breadth and depth of retail experience will be leveraged to share best practices for addressing retail transformation challenges and the unique complexities of the industry.
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