17.03.2015
GK Software AG DE0007571424
DGAP-Adhoc: GK Software plans Acquisition in North America
GK Software AG / Key word(s): Acquisition
17.03.2015 23:45
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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GK Software AG is planning the acquisition of the "Retail" business segment
of United States based DBS Data Business Systems Inc. (DBS), as part of an
asset deal. This business segment provides products and services in the
areas of Payment Processing, customer engagement and loyalty. The native
Virginia company has been successfully focused on retail and hospitality
for decades. The DBS segment "Retail", whose acquisition is planned, is
based in Raleigh, North Carolina, and has generated revenue of about 6
million US dollars in 2014 being highly profitable. The "Retail" segment
has currently 21 employees.
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)
(End of the obligatory announcement)
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Information and Explaination of the Issuer to this News:
Annotation to this Ad-hoc News
DBS Inc. was established in 1977 and has since been managed by its
founders. The company is focused on solutions for hospitality and retail
industries and in the course of its history, has served more than 2,000
customers. The planned acquisition is strictly related to the DBS business
segment 'Retail', focusing solely on the retail sector. This business
segment is geared on the one hand toward project development and
consultation, and on the other hand complements with its solutions GK
Software's offering for the retail market.
The DBS segment 'Retail', which focuses on the implementation of store
projects, has successfully administered countless roll-outs of the former
SAP-POS solution (Triversity). Therefore, long-standing and grounded
customer relationships exist within a market setting that is of particular
interest to GK Software. The most important software solution in the
portfolio of DBS 'Retail' is oriented toward the connection of various hard
and software components for the implementation of Electronic Payment
Processing in North America. An uncomplicated and quick integration of this
solution into GK Software's world of solutions will bring a simplified and
accelerated implementation of customer projects within this market sector.
As a result of this acquisition, GK Software anticipates a defined and
boosted growth in the North American Market. A reputable team with
customers and partners alike, possessing many years of experience managing
complex store projects, will reinforce the visibility and proven
implementations record in this market. With this move, GK Software precedes
one more step in the further development of one of the largest retail
markets in the world.
This project has been realized in conjunction with IKB Deutsche
Industriebank AG.
17.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: GK Software AG
Waldstraße 7
08261 Schöneck
Germany
Phone: +49 (0)3 74 64 84 - 0
Fax: +49 (0)3 74 64 84 - 15
E-mail: [email protected]
Internet: www.gk-software.com
ISIN: DE0007571424
WKN: 757142
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Munich, Stuttgart
End of Announcement DGAP News-Service
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Software , 757142 , GKS , HAM:GKS