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GK Software to sell AWEK microdata

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DGAP-News: GK Software SE / Key word(s): Disposal
20.05.2021 / 16:17
The issuer is solely responsible for the content of this announcement.

On 21 May 2021, GK Software SE will be parting company with AWEK microdata GmbH in order to focus more intensely on the CLOUD4RETAIL platform, and will be selling it to the Italian Lodi-based Zucchetti Group for a figure in the mid single-digit million range. AWEK microdata is a wholly-owned subsidiary of GK Software, focused on the development, sale and management of euroSUITE, the solution for medium-sized retailers. It was taken over in 2012 in connection with the acquisition of AWEK GmbH. At the end of the 2020 financial year, the company had 41 employees at the Hamburg and Bielefeld business sites and contributed less than five percent to the revenue and earnings of the GK Software Group. The transfer of business will take place on 21 May 2021.

The GK Software Management Board would like to thank the company's management and employees for the work carried out in the course of its affiliation with the Group and wishes them every success in the future.

About GK Software SE
GK Software SE is a leading developer and provider of standard software for the retail sector, and currently counts 22 percent of the world's 50 largest retailers among its customer base. According to a study published by RBR 2020, the Company is one of the leading international providers of POS software and is the fastest growing business in the industry in terms of the number of installations worldwide (without Hospitality and Petrol). The company offers an extensive range of solutions for stores and enterprise headquarters as well as for the implementation of contemporary omni-channel retail concepts. Thanks to its open and platform-independent software solutions in the GK/Retail Suite, the company has established itself as one of the market's leading providers of technology and innovations. Its solutions enable retail chains with numerous stores to optimize their business processes and to benefit from significant potential for saving costs and implementing customer loyalty programs in order to improve their competitiveness. In addition to its own software solutions, GK Software SE also offers customers a comprehensive range of implementation and maintenance services. Having been acquired in 2012, AWEK GmbH and in 2015, the retail segment of DBS Data Business Systems Inc. In 2017, the company acquired a majority shareholding in prudsys AG, a company focused on artificial intelligence. In 2018, the valuephone GmbH was acquired, which develops leading solutions for mobile consumers.

The company employs 1,162 members of staff (figures for 31 December 2020) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia, Ukraine and the USA. GK Software SE's customers include many well-known retailers, including Adidas, Edeka, Lidl, Aldi, Coop (Switzerland), Netto Marken-Discount, Hornbach, Migros, Grupo Kuo and Walmart. The software is currently being used at almost 500,000 retail and payment installations across approximately 100,000 stores in more than 60 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 117.6 million in 2020. 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 into a profitable company exhibiting strong growth.

Further information about the company: https://www.gk-software.com

Contact

Investor Relations
GK Software SE
Dr. René Schiller
Phone: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: rschiller@gk-software.com


20.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

GK Software SE

Waldstraße 7

08261 Schöneck

Germany

Phone:

+49 (0)3 74 64 84 - 0

Fax:

+49 (0)3 74 64 84 - 15

E-mail:

info@gk-software.com

Internet:

www.gk-software.com

ISIN:

DE0007571424

WKN:

757142

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1198853


 

End of News

DGAP News Service

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