Turbon AG (DB:TUR), in conjunction with two former long term NCR Executives, Shankar Ganapathi and Simon McCouaig, acquired Middle East and Africa operation of Interactive Printer Solutions division of NCR Corporation (NYSE:NCR) on December 21, 2017. Shankar Ganapathi and Simon McCouaig will both hold minority interests in the operation. Middle East and Africa operation of Interactive Printer Solutions division will trade as Interactive Printer Solutions FZCO (IPS). IPS will continue to work closely together with NCR in the Middle East and Africa region. Ganapathi will continue to manage the operation as its Managing Director. McCouaig will act as a Director of IPS. IPS will retain the whole experienced team of dedicated employees. The transaction includes NCR's Interactive Printer Solutions manufacturing facility in the Jebel Ali Free Zone in Dubai and strategically located Interactive Printer Solutions distribution centers.

Turbon AG (DB:TUR), in conjunction with two former long term NCR Executives, Shankar Ganapathi and Simon McCouaig, completed the acquisition of Middle East and Africa operation of Interactive Printer Solutions division of NCR Corporation (NYSE:NCR) on December 21, 2017.