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GK Software SE — M&A Activity 2010
Dec 13, 2010
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Corporate | 13 December 2010 15:38
GK Software AG: GK SOFTWARE AG and Bizerba Agree Close Partnership
GK Software AG / Key word(s): Alliance
GK Software AG: GK SOFTWARE AG and Bizerba Agree Close Partnership
13.12.2010 / 15:38
GK SOFTWARE AG and Bizerba Agree Close Partnership –
GK/Retail Suite Extended to Include Fully Integrated Scales Application
Schöneck, 13 December 2010 – GK SOFTWARE AG and the international market leader in the production of retail scales systems, Bizerba, have signed a far-reaching partnership agreement. The aim of the arrangement is to develop all-round software for commercial scales, which can be operated on any platform using the GK/Retail suite.
GK SOFTWARE AG will develop a new software solution called GK/Retail Open Scale as part of a comprehensive partnership agreement; this application will be available for direct use on PC-based scales manufactured by Bizerba. By separating the hardware, operating system and the scales application, the two partners are paving the way for open systems in the field of commercial scales. This will provide retailers with a wide spectrum of new opportunities, which range from freedom of choice in the scales hardware being used to a far better degree of integration in the systems landscapes.
The GK/Retail Open Scale solution for scales will be completely integrated in the system management and monitoring facilities available within the Store Device Control software in the GK/Retail suite. One of the last islands preventing the seamless, end-to-end integration with the central systems within a retail store landscape will now disappear. This means slimmer processes, faster processing times for required services, and a reduction in expenditure and complexity.
The new software is being developed by GK SOFTWARE AG in close cooperation with Bizerba; however, it will not constrain retailers to use Bizerba hardware, but will support any open PC scales. The partnership includes close cooperation in the fields of technology, sales and marketing.
About Bizerba
Bizerba is a technology company providing professional system solutions for scales, labeling, information and food service equipment in the retail, food industry, manufacturing and logistics sectors; the firm has global operations and is the market leader in many divisions. Hardware and software specifically designed for certain sectors, powerful, networkable management systems and a broad spectrum of labels, consumables and business services provide transparent monitoring systems for integrated business processes and a high degree of availability of performance features typical of Bizerba applications.
Bizerba operates in more than 120 countries around the globe – with 41 holdings in 23 countries and 54 national offices. The company, which employs approx. 3,000 members of staff, has its headquarters in Balingen, Germany; it has other production facilities in Messkirch (Germany), Bochum (Germany), Vienna (Austria), Pfäffikon (Switzerland), Milan (Italy), Shanghai (China), Forest Hill (USA) and San Luis Potosi (Mexico).
Company profile GK SOFTWARE AG:
GK SOFTWARE AG is one of the leading technology developers and providers of standard software for the retail sector in Europe and has an extensive range of products for stores and enterprise headquarters. As a result of its open software solutions in the GK/Retail Suite, which can be used with any platform and is fully programmed in Java, the company has established itself on the market as a leading provider of technology and innovations. The software provides ideal business organization for retail companies with many stores and therefore offers significant potential for cost savings and customer loyalty programs so that companies can increase their competitiveness.
The company employs 343 members of staff (figures for 30 September 2010) at company headquarters in Schöneck and four other business locations in Berlin, St. Ingbert, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG can list well-known German and foreign retail companies among its customers, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Netto Marken- Discount and Tchibo. The software is currently being used in more than 30 countries at 73,000 POS units in approx. 19,000 stores in Germany and abroad. The company has grown rapidly during the past few years and its sales revenues totaled EUR 23.3 million in 2009. GK SOFTWARE AG achieved EBIT of EUR 4.9 million (EBIT margin of 20.1% on total operating revenue). The two founders and Management Board members, Rainer Gläß (CEO) und Stephan Kronmüller (CTO), in conjunction with the Management Board members Ronald Scholz (COO) and André Hergert (CFO), have made GK SOFTWARE AG a profitable company with strong growth since 1990.
Further information about the company: www.gk-software.com.
Contact Corporate Communications:
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-Mail: [email protected]
End of Corporate News
13.12.2010 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | GK Software AG |
| Waldstraße 7 | |
| 08261 Schöneck | |
| Deutschland | |
| 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: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Stuttgart |
| End of News | DGAP News-Service |
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| 106222 13.12.2010 |