Torex Retail plans major expansion into hospitality and leisure market with GBP72.7m offer for XN Checkout; Additional acquisition of Hoffman Datentechnik GmbH expands European workforce management offering.

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M2 PRESSWIRE-15 June 2005-Torex Retail: Torex Retail plans major expansion into hospitality and leisure market with GBP72.7m offer for XN Checkout; Additional acquisition of Hoffman Datentechnik GmbH expands European workforce management offering(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:15062005 Torex Retail is planning significant expansion in the Hospitality and Leisure retail technology sector with a GBP72.7 million offer for EPoS solutions provider XN Checkout.

The acquisition will cement Torex Retail's position as the UK's largest retail technology company and one of the strongest global players, providing the opportunity for further growth in the Hospitality and Leisure market through integrated retail technologies. Torex Retail has also acquired...