The deal is expected to close in the third quarter of 2024. Credit: Taras Vyshnya/Shutterstock.com.

Restaurant technology company PAR Technology (ParTech) has agreed to acquire the TASK Group, an Australia-based foodservice transaction platform, for $206m.

The acquisition will conclude in the third quarter of 2024, subject to receipt of approvals from TASK’s shareholders, the Australian courts and regulatory bodies.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

TASK is known for its international unified commerce solutions, which include interactive customer engagement and seamless integration, serving major foodservice brands across the world.

Its transaction management platform has been used by foodservice brands such as Starbucks and Guzman Y Gomez.

McDonald’s utilises TASK’s loyalty customer engagement platform in 65 markets.

See Also:

With TASK’s integration, ParTech aims to offer comprehensive unified commerce solutions, extending from front-of-house to back-of-house operations.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

PAR Technology CEO Savneet Singh said: “Our goal at PAR has been to be the largest food service technology company in the world. Adding TASK will provide us with a global platform to build upon this vision.

“TASK not only broadens our reach beyond the United States and has a strong cash flow profile but also has the potential to bring premier global brands into the PAR fold, and accelerate our future growth.”

In addition to TASK, ParTech also concluded its acquisition of Stuzo, a provider of digital engagement software for convenience and fuel retailers, for $190m in a combination of cash and stock.

In February 2024, it strengthened its partnership with online food delivery platform GrubHub by integrating its MENU Link feature, a component of the PAR MENU ecosystem.

The integration allows for the automatic synchronisation of menu items, pricing and order details between PAR’s Brink point-of-sale system and Grubhub.