Aptos Completes Acquisition of LS Retail

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Aptos, a recognised market leader in retail technology solutions, today announced the completion of the previously announced transaction to acquire LS Retail. With the deal’s culmination, LS Retail will operate as a stand-alone business unit within Aptos.

On Jan. 12, 2021, the companies issued a joint press release stating Aptos’ intent to acquire the Iceland-based software firm. Read the previously published press release, Aptos Signs Definitive Agreement to Acquire LS Retail.

The combination of Aptos and LS Retail creates a retail technology powerhouse that is uniquely equipped to support retailers across all tiers, verticals and geographies with advanced and innovative unified commerce solutions.

LS Retail’s solutions, which are built on Microsoft technology, will continue to be sold, implemented and supported through a strategic global network of channel partners servicing more than 80,000 customer sites in over 140 countries.

Fried, Frank, Harris, Shriver & Jacobson LLP acted as counsel to Aptos on the transaction. Barclays Investment Bank acted as LS Retail’s exclusive financial adviser, and White and Case LLP and Réttur -Aðalsteinsson & Partners ehf. served as LS Retail’s legal counsel.

Aptos is a portfolio company of the Merchant Banking business of Goldman Sachs, which is one of the largest managers of private capital globally.