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DGAP-News: GK Software SE / Key word(s): Disposal
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
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
20.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
GK Software SE
+49 (0)3 74 64 84 - 0
+49 (0)3 74 64 84 - 15
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange
EQS News ID:
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