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The Executive Vice President Consulting and Solutions, Achim Sieren, has been involved in intense operations with the retail market sector for many years and formerly held advisory and management positions at CAP Gemini and debis Systemhaus. He has successfully developed the SAP consultancy business within Wincor Nixdorf during the last few years and has been responsible for the global setup and expansion of professional services for retail companies.
The Senior Vize President Global Services, Harald Kehl, has been a manager for leading international companies for more than 20 years and has worked in departments like consulting, operations and services. Having spent time as the Director of Global Services at IBM and having responsibility for the consulting business in Northern/Eastern Europe at Siebel Systems, he has been heading the applications consulting business as Vice President for Consulting at Oracle in various parts of Europe since 2008.
The new shares will account for 5.29% of the new registered share capital following the implementation of the capital increase. The new shares will entitle their holders to participate in the profits of the company as of 1 January 2014. The issue price of the new shares is EUR 37.82 per new share. The exclusive right to subscribe for the new shares has been granted to SAP AG with official seat in Walldorf, Germany.
The proceeds from the capital increase will primarily be used for the company’s ongoing internationalization process and the geographic expansion of the business of the company.
The new shares shall be admitted to trading on the Regulated Market/Prime Standard section at the Frankfurt Stock Exchange without requiring the publication of a prospectus.
GK Software AG
Waldstraße 7
08261 Schöneck
Deutschland
(End of Ad-hoc-Announcement)
The proceeds from the capital increase will primarily be used for the company’s ongoing internationalization process and the geographic expansion of the business of the company. The new shares are to be authorized for trading on the Regulated Market/Prime Standard section at the Frankfurt Stock Exchange without the need to publish a prospectus. The new shares will entitle their holders to share in profits from 1 January 2014 onwards. The free float will increase to 44.79% of the share capital due to the capital increase after the entry in the commercial register. In connection with the stake of new shares SAP gets a preemption right at the shares held directly and indirectly by the both founders Rainer Gläß and Stephan Kronmüller until 31.12.2020.
GK Software AG
Waldstraße 7
08261 Schöneck
Deutschland
(End of Ad-hoc-Announcement)
Within this Migros decided to equip its stores with the five GK SOFTWARE AG solutions directly distributed by SAP (SAP Point-of-Sale by GK, SAP Store Device Control by GK, SAP Mobile Offline Store by GK, SAP Open Scale Management by GK and SAP Label & Poster Print by GK).
GK SOFTWARE AG also assumes the implementation of the overall project in which all locations in the various sales divisions of the ten Migros Cooperatives in Switzerland will be equipped. Within the development of the new point-of-purchase Migros will introduce innovative Omni-Channel capabilities with which Migros will reach a new level of customer contact and service.
Schöneck/Leipzig, 25 January 2012 The auditing company Deloitte presented the famous 2011 Axia Award to GK SOFTWARE AG at a special event.
This year the prize was awarded to corporations, which have a clear strategic focus, an efficient and flexible controlling system and human resources management. The CEO of GK SOFTWARE AG, Rainer Gläß, accepted the prize awarded by a high-ranking jury consisting of business experts and academics at a special gala in Leipzig.
The jury justified its decision by highlighting the fact that GK SOFTWARE has developed into an extraordinarily successful corporation as a provider of standard software for the retail trade as a result of a great deal of perseverance and visionary thinking. Rainer Gläß said at the prize-giving ceremony that he was accepting the award on behalf of all the company’s employees, as the success story at GK SOFTWARE AG would be inconceivable without the commitment and productivity of each individual.
You can find a series of photos related to the prize-giving ceremony at:
http://www.bildschoen-berlin.de/deloitte_axia2011/leipzig/
You can find the film prepared for the prize-giving ceremony at:
http://www.deloitte.com/view/de_DE/de/focus-on/mittelstand/axia-award/multimedia_kanal/ost_elf/index.htm.
Schöneck, 12. November 2012 – GK SOFTWARE AG has received the Sustained Excellence Award at the 2012 Deloitte Fast 50 awards ceremony held recently in Munich, Germany.
With this prestigious prize, the high-calibre jury honours companies which stand out not only thanks to their long-term growth but also and above all because of their strong financial performance and focus on innovation. During the ceremony, GK SOFTWARE AG was also named as one of the 50 fastest-growing technology companies in Germany for the fifth consecutive year. André Hergert, CFO of GK SOFTWARE AG, comments: “We are delighted that our long-standing success in achieving corporate growth has received such high-profile recognition in the form of the Deloitte Fast 50 and Sustained Excellence Award.”
Schöneck, 24. October 2012 – The Saudi Arabian Al Muhaidib Group has signed a contract with SAP for the purchase of SAP Point-of-Sale by GK and SAP Offline Mobile Store by GK for use in its retail outlets for building materials and metals.
GK SOFTWARE AG will handle the implementation of the new solution, which will be installed in approximately 180 branches in Saudi Arabia and the GCC countries (Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates). For SAP, this deal marks its first customer for GK SOFTWARE AG solutions in a growth region outside of Europe, just six months after obtaining the rights to sell three of the company’s solutions in EMEA.
A second new project will involve the company supplying a new POS solution to Hammer Heimtex, Germany’s largest specialist retailer for home textiles with some 170 stores nationwide.
It has been agreed with the customers that details of the size of the projects will remain confidential.
Schöneck, 4/17/2012 – GK SOFTWARE AG is publishing its final figures for fiscal 2011 today.
Sales during this record year rose by approx. 15% to EUR 31.8 million (EUR 27.7 million in the previous year). This represents an EBIT margin on sales of 21.0% (23.2% in the previous year). The annual net income amounted to EUR 4.56 million. This represents earnings per share of EUR 2.55. Based on these results, Management Board and Supervisory Board will suggest to the main shareholders’ meeting that a dividend will be paid of EUR 0.50.
Following the approval of the annual accounts by the Supervisory Board yesterday, GK SOFTWARE AG will publish its full figures for 2011 in the form of its annual re-port on 18 April 2012.
The acquisition 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.
Schöneck, 3/30/2012 – Preliminary figures reveal that GK SOFTWARE AG in-creased its sales by more than ten percent for the eighth time in succession in 2011.
Sales rose to EUR 31.8 million during fiscal 2011 (EUR 27.7 million in the previous year). The margin on earnings before interest and taxes (EBIT) rose more than had been forecasted to a figure of 21 percent. The EBIT figure itself amounted to EUR 6.65 million, 3.4 percent higher than in the previous year (EUR 6.43 million).
The Retail Innovators