GK Software AG has finalized the acquisition of the of the ” Retail” business segment of United States based DBS Data Business Systems Inc. This business segment, which provides products and services in the areas of Payment Processing, customer engagement and loyalty, was fully acquired as part of an asset deal.
Both parties have agreed not to disclose the purchase price of this acquisition.
GK Software AG
Waldstraße 7
08261 Schöneck
Germany
WKN 757142
ISIN DE0007571424
Listed: Frankfurt (Prime Standard)
GK Software AG is one of Europe–s leading technology developers and providers of standard software for the retail sector, and offers an extensive range of products for stores and enterprise headquarters. Thanks to its open software solutions in the GK/Retail Suite, which can be used with any platform and is fully programmed in Java, the company has established itself as one of the retail market–s leading providers of technology and innovations. Its software enables retail chains with numerous stores to optimally manage their business operations, offering them significant potential for saving costs and implementing customer loyalty programs and hence helping them to improve their competitiveness.
The company employs 593 members of staff (figures for 30 September 2014) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, Russia and USA. GK Software AG–s customers include many well-known retailers from both Germany and beyond, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 193,000 installations across approximately 37,300 stores in more than 38 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 42.5 million in 2013. Since launching the company in 1990, the two founders Rainer Gläß (CEO) and Stephan Kronmüller (deputy board member), together with the experienced management team, have shaped GK Software AG into a profitable company exhibiting strong growth.
Further information about the company: http://www.gk-software.com
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