According to the Nikkei News, IBM's POS terminal currently accounts for 22% of the global market. Its main customers include Wal-Mart stores and Toys "R" Us toy stores. Toshiba's Toshiba Tec Corp will make the acquisition, and the company's POS terminal equipment accounts for about 7% of the global market. As part of the transaction, IBM will help strengthen Toshiba Cloud Technology Services to provide services such as information exchange for stores, shoppers, manufacturers and more. Toshiba Tec plans to complete the transaction this summer. The acquisition will be largely completed by cash and bank loans. (Lu Xin) Pet Thinning Scissors,Small Teeth 440C Pet Scissors,Pet Styling Scissors,Pet Grooming Scissor Kit Zhangjiagang Mister Tools Co., Ltd , https://www.mingshiscissors.com
Toshiba acquires IBM POS terminal business for nearly 900 million US dollars
On April 17th, a subsidiary of Toshiba of Japan will invest 70 billion yen (about 8.78 billion US dollars) to acquire IBM's POS terminal business. This business is mainly responsible for the production of cash registers and related equipment.