NewBold Technologies has completed the acquisition of Spencer Technologies, a leading provider to specialty and big-box retail, grocery, and QSR brands.
The acquisition gives NewBold a client base spanning leading enterprise accounts across the retail, restaurant, convenience store and warehousing sectors. For these accounts, the combination significantly deepens geographic coverage across North America, with an extensive network of service technicians providing increased levels of support and response.
The combined platform also provides clients with deep subject matter expertise spanning point-of-sale, RFID, audio/visual, networking and payments technology.
“This is a defining moment for our business,” said Johan Claassen, CEO of NewBold. “Spencer brings exceptional retail relationships, operational maturity, technical talent, and a project management capability that is best-in-class. Combined with NewBold’s payment device expertise and nationwide technician network, we have the platform to compete at the very top of our industry.”
“We are thrilled to be partnering with NewBold,” added David Strickler, CEO of Spencer, who will remain with the business in a consulting capacity. “Johan and his team have built a special business, and this combination will allow us to provide an even higher level of service to our customers, several of whom we have been working with for the last two decades.”
