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Lightspeed POS Inc. Announces the Acquisition of Gastrofix
Lightspeed POS Inc. Announces the Acquisition of Gastrofix Canada NewsWire MONTR...
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[{"type":"text","content":"\n\n\n\nLightspeed POS Inc. Announces the Acquisition of Gastrofix\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Jan. 7, 2020\n\n\n\nLightspeed consolidates leadership position in Europe with acquisition of Germany's premier cloud provider\n MONTREAL, Jan. 7, 2020 /CNW Telbec/ - Lightspeed POS Inc. (TSX: LSPD), a leading omnichannel point of sale platform to nearly 57,000 small and medium-sized retail and restaurant locations worldwide, today announced that it has entered into an agreement to acquire Gastrofix, a quickly-growing market leader for cloud-based POS hospitality software in Germany. \n\n \n \n\n \nLightspeed's acquisition of Germany's premier cloud-based hospitality POS solutions provider brings two high-performing, complimentary teams together to better assist European merchants as they transition to the cloud. \nWith the addition of Gastrofix's over 8,000 customer locations, including the Michelin-starred Seven Seas (Hamburg), Leaders Club winner Bar Shuka (Frankfurt) and the luxury Steigenberger Hotels and Resorts, Lightspeed solidifies its presence in Europe, namely in countries such as Germany, Austria and Norway, opening up access to an array of cloud-based services designed to propel European businesses forward. With this most recent acquisition, Lightspeed now has the capacity to offer solutions for merchants and restauranteurs in all key regions across Europe. \nThis acquisition is timely as German fiscal laws being introduced in 2020 could push merchants and restauranteurs to upgrade to cloud-based POS systems to help them run their businesses and meet new regulatory requirements. \nThis acquisition builds on Lightspeed's growth momentum, having completed a series of acquisitions in 2019, including: Chronogolf, a solution for golf course operators, iKentoo, a Switzerland-based POS solutions provider which serves merchants in over 14 countries across Europe and Africa, and Kounta, a leading Australia-based provider in the hospitality industry. \n\"The addition of Gastrofix to o...