GK Software: Offer period of bidder Fujitsu approaching end

Fujitsu ND Solutions AG, which submitted a voluntary public offer for GK Software SE, reiterated today (on April 17, 2023) that the offer period for the voluntary public tender offer will end on April 20, 2023. Fujitsu ND Solutions AG, a wholly owned subsidiary of Fujitsu Ltd. has offered to pay all shareholders of GK Software EUR 190.00 per share in cash.

The acceptance rate as of April 14, 2023, 18 hrs (CEST), is approximately 44.20 percent of the total share capital (including the irrevocable tender commitments of 40.65 percent). Fujitsu stated today that it will not increase the offer price or otherwise amend the offer, and will not make a new offer if the current offer does not meet the minimum acceptance threshold. All requisite merger control and foreign approvals have already been obtained, ensuring a speedy settlement of the offer and prompt payment to shareholders.

The Executive Board and Supervisory Board of GK Software continue to recommend that shareholders accept the offer. Both boards are of the opinion that the offer by Fujitsu as a strategic investor offers the best opportunities for securing the further global growth of GK Software in the interest of all stakeholders.

About GK Software SE

GK Software SE is a leading global provider of cloud solutions for the international retail industry and one of the fastest growing companies in its field. The cornerstones of the company are self-developed, open and platform-independent solutions. Thanks to its comprehensive product portfolio, 22 percent of the world's 50 largest retailers currently rely on solutions from GK. The company's customers include Adidas, Aldi, Coop (Switzerland), Edeka, Grupo Kuo, Hornbach, HyVee, Lidl, Migros, Netto Marken-Discount and Walmart International. GK has subsidiaries in the U.S., France, Czech Republic, Switzerland, South Africa, Singapore, Australia and holds ownership or majority stakes in DF Deutsche Fiskal GmbH, Artificial Intelligence for Retail AG and retail7, among others. Since its IPO in 2008, the company has grown more than sevenfold and generated revenues of 130.8 million EURO in 2021. GK was founded in 1990 by CEO Rainer Gläß and Stephan Kronmüller (Deputy CEO) and is still founder-managed today. In addition to its headquarters in Schöneck, the group now operates 15 sites worldwide. GK's goal is to become the leading cloud solutions company in the retail industry worldwide, enabling consumers on all continents to enjoy the best possible shopping experiences. 

Further information about the company: www.gk-software.com

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GK Software SE