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Vectron Systems AG: Major order from the von Allwörden Group

·2-min read

DGAP-News: Vectron Systems AG / Key word(s): Incoming Orders
22.12.2020 / 13:21
The issuer is solely responsible for the content of this announcement.

Münster, December 22, 2020: Vectron Systems AG (Vectron), a leading supplier of intelligent, digitized POS systems consisting of hardware, software and cloud services, with a focus on the catering and bakery sectors, has agreed a contract with the von Allwörden Group for an extensive renewal of its POS fleet.
With a total of 493 stores, the von Allwörden Group - with brands including "Von Allwörden," "Nur Hier" and "Dallmeyers" - is one of the largest bakery chains in Germany. The group is having a large part of its pos-system-fleet renewed. At the same time, all stores will be equipped with digital services such as the bonVito customer loyalty system. The customer will receive hardware, software, and digital services as part of a 60-month overall contract that will significantly increase recurring revenues at Vectron. The exact terms of the contract were not disclosed. 
"With this innovative offer, Vectron is also increasingly focusing on recurring revenues in the core business of bakeries, instead of one-off sales revenues," explains Thomas Stümmler, Member of the Board of Vectron Systems AG.

About Vectron:
With more than 225,000 installations, the listed Vectron Systems AG is one of the largest European manufacturers of POS systems. Stable hardware combined with flexible, reliable software has made Vectron the market leader for POS solutions in the German-speaking area and in Benelux in the branches gastronomy and bakery. Several hundred specialized trade partners distribute the products internationally. Digital cloud services are offered under the brand names myVectron and bonVito. The spectrum ranges from loyalty and payment functions to online reservation and online reporting. All services are directly connected to the POS system. Further information is available at www.vectron.de.



Contact:
Vectron Systems AG
Tobias Meister
Willy-Brandt-Weg 41
48155 Münster, Germany
phone +49 (0) 2983 908121
mobile +49 (0) 170 2939080
fax +49 (0)251 2856-560
tobias.meister@vectron.de


22.12.2020 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:

Vectron Systems AG

Willy-Brandt-Weg 41

48155 Münster

Germany

Phone:

0251/ 28 56 - 0

Fax:

0251/ 28 56 - 564

E-mail:

info@vectron.de

Internet:

www.vectron.de

ISIN:

DE000A0KEXC7

WKN:

A0KEXC

Indices:

Scale 30

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange

EQS News ID:

1156951


 

End of News

DGAP News Service

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