TCPOS SA, the Swiss subsidiary of Zucchetti Group – the Italian market leader in software –has acquired “Data Connect AG”. This acquisition is intended to strengthen the company’s position on the Swiss retail market.
Data Connect has its HQ in Aesch, near the city of Basel and it specializes in retail technologies and processes at the point of sale. With over 30 years of experience on the market – the company has extensive industry and process expertise and is a well-known and established provider in retail. Its innovative products and qualified employees aim to support the extension TCPOS’ position on the retail market.
TCPOS is the leading provider in Switzerland for POS in the retail, hospitality and leisure sectors and since 2013, TCPOS is part of Zucchetti Group. The group generates a turnover of around 470 million with more than 4.000 employees. More than 160.000 customers in 50 countries rely on and trust in Zucchetti Group products and solutions.
Jürg Baumgartner, Board of Directors at Data Connect AG:
“It has always been our claim to play a leading role as an IT company on the retail market. With TCPOS, it will be possible for Data Connect AG to provide their customers with a more extensive product portfolio and to generate a tangible benefit through its access to other solutions within the Zucchetti Group. With the new ownership of Data Connect AG, the company’s succession was secured and thus the future for the customers, employees and products was secured as well. For me personally it is important to accompany this exciting process as board of directors, in order to maintain continuity. We are convinced that TCPOS is the ideal solution and partner for Data Connect. We are looking forward to the beginning of a successful and sustainable collaboration.”
Dirk Schwindling, CEO of TCPOS SA:
“As the Swiss leader in card-based payment processing at the checkout, Data Connect brings top-notch technology and expertise to the table. We are pleased to welcome the Data Connect team to TCPOS and the Zucchetti Group and we are confident that, we are even more professional and powerful – thanks to the experience and expertise of our new team members. It is our goal to gain more market share together and to take a leading position in IT solutions for the retail industry. The acquisition of Data Connect is an important milestone and step on this path of ours.”
UBS Switzerland AG has advised the vendors of Data Connect AG as the exclusive M&A consultant.