AWEK microdata GmbH acquired by Zucchetti Group
May 2021
GHz Partners advises GK Software SE on its divesture of AWEK microdata GmbH to Zucchetti Group
GHz Partners is pleased to announce that it acted as exclusive financial advisor to GK Software SE, the leading European provider of integrated store solutions with more than 297,000 installations in over 60 countries, on its divesture of AWEK microdata GmbH to Italy-based Zucchetti Group.
GK Software will be parting company with AWEK microdata to focus more on its CLOUD4RETAIL platform. AWEK microdata is a wholly owned subsidiary of GK Software, focused on software solutions for medium-sized retailers.
Zucchetti Group is one of the most important Italian companies in the IT sector with more than 7,000 people worldwide and more than 700,000 customers.
The transaction closed in the mid-single-digit million range. The terms of the transaction were not disclosed.