GK Software SE — M&A Activity 2012

Dec 11, 2012

News Details

Ad-hoc | 11 December 2012 10:58

GK Software AG: GK SOFTWARE AG plans to acquire AWEK GmbH

GK Software AG / Key word(s): Acquisition/Mergers & Acquisitions

11.12.2012 10:58

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Schöneck, 11 December 2012, With its planned takeover of the AWEK-Group,
GK SOFTWARE AG will acquire the largest independent supplier of IT
operational services for retailers and one of the company's key competitors
in the area of POS solutions.

As the biggest independent supplier of 1st and 2nd level support services
as well as nationwide field services to the German retail sector, the
AWEK-Group ideally complements the GK SOFTWARE AG retail service offering.
Furthermore, the AWEK Group sells software to several leading German
retailers including Globus, bakery chain Kamps, book wholesaler KNV and
Strauss Innovation, all of whom will be new customers for GK SOFTWARE. The
AWEK-Group generated revenues of EUR 12.3 million in 2011.

The acquisition should comprises purchase of the company shares in both the
AWEK-Group holding and AWEK GmbH and assumption of the AWEK-Group's
financial liabilities. The parties agreed not to disclose the volume of the
transaction. The completion of the transaction is planned for this year.

GK SOFTWARE AG
Waldstraße 7
08261 Schöneck
Deutschland
WKN 757142
ISIN DE0007571424

(End of the ad-hoc report)

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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: info@gk-software.com
Internet: www.gk-software.com
ISIN: DE0007571424
WKN: 757142
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart

End of Announcement DGAP News-Service

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