Gail Chiasson, North American Editor
Panasonic Canada Inc. has extended its range of services and technologies offered to the QSR sector with its announcement yesterday (Feb. 9/16) that it has signed a definitive agreement to acquire QuickService Technologies Inc., St. Catharines. Ontario.
QuickService Technologies, founded in 1960, provides technology solutions software, hardware and services integration to security and terminal outlets of the fast food industry, serving clients across Canada, the US and in major international markets. With this acquisition, Panasonic Canada will strengthen its position in the fast food market with new services and integration of new technologies.
“Fast food Leaders face complex business challenges and urgent decisions in technology,” says Michael Moskowitz, president, Panasonic Canada. “By mobilizing the power of integration services QuickService Technologies and innovative leadership in technology Panasonic, Panasonic Canada will provide solutions to complex business challenges organizations face now and in the future.”
The acquisition is expected to close before the end of February, 2016. The new company will be called ‘QuickService Technologies, A Panasonic Company’ and operate as a separate division of Panasonic Canada at the conclusion of the acquisition. Nearly 100 professionals from QuickService Technologies will join the Panasonic Canada team. The acquisition will allow QuickService Technologies, whose flagship software product includes its iQTouch filed for POS applications, to extend its offer to new and existing customers. Panasonic Canada will provide integration services and comprehensive support that will add to its existing range of products offered.
“As Panasonic trusted partner for over 20 years, our decision to join forces with Panasonic represents an important step to support our continued growth in key markets,” says Philip Turner, president, QuickService Technologies. “This will have a positive effect on our team and our customers. Together, we can bring more opportunities on the table and provide global support for the fast-food customers by creating a unified offering and dynamics of materials and services that meet the needs of a broader range of customers.”
Thousands of restaurants and their customers have come to rely on QuickService for support and integration round the clock to ensure the efficient operation of their critical systems of fast food. The area of fast food in Canada is currently 4.3 billion restaurant visits annually and generates CA$23 billion per year.
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