As a result, both companies will continue to strengthen their market position separately as independent entities and will commit to do joint business as preferred partners of one another.
Both leadership teams believe that the current worldwide market situation requires the full attention of leadership of both companies to manage current business opportunities and refine product and distribution strategies based on the new market realities. The time consuming acquisition and consolidation processes will detract leadership attention from the primary task of good stewardship of each company during this challenging time.
Both leadership teams believe strongly in the logic of combining the two companies and do not regret their decision back in May to merge GPXS and ISEC7. “We made this decision together with GPXS in best interest for our customers, our partners, and our employees.”, said Roger Dost and Marco Gocht, founders of ISEC7. “As strategic business partner, we will build strong portfolio offerings and customer relationships to strengthen both market leaderships.”
“ GPXS continues to believe that the thoughtful combination of our organic growth businesses with the selective high quality customer relationships, market position and product capabilities, like those represented in ISEC7, as the optimal path towards market leadership”, said Jerome Mol, Chairman and CEO of GPXS Holdings, Ltd. “ We respect what ISEC7 has done and look forward to working well together as preferred partners and perhaps revisiting this merger when market conditions are more favorable.”
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