TASK Acquired by PAR for $288M
TASK, an ASX-listed restaurant loyalty firm serving McDonald's and Starbucks, is being acquired by PAR Technology for AU$288 million; PAR is also acquiring Stuzo for US$190 million.
March 12, 2024
Simon Rowles
Founder, CEO
Acquisition in the Technology and Restaurant Loyalty Sector
ASX-listed restaurant loyalty provider TASK, known for its high-profile clients such as Starbucks and McDonald's, has entered into an agreement to be acquired by US-based PAR Technology for approximately AU$288 million.
In a related move, PAR Technology is also set to acquire Stuzo, a digital applications firm, for US$190 million.
Previously, in 2021, TASK expanded its market presence by acquiring New Zealand-founded loyalty provider Plexure.
