GK Software Expands With Acquisition of AI Innovator Nomitri
Deal News | Feb 12, 2025 | Orrick
GK Software, renowned for its commerce solutions tailored for global retailers, has strategically acquired Nomitri GmbH, a Berlin-based AI software firm specializing in human-centered automation solutions like self-checkout and fraud prevention. Founded in 1990, GK Software is well-embedded in the retail technology landscape with installations in over 60 countries. This acquisition follows a strategic move after a partnership with Fujitsu, which now holds a significant stake in GK Software. Nomitri, established recently in 2019, employs AI-driven computer vision to create seamless and efficient retail experiences. By integrating Nomitri's technological advancements, GK Software intends to broaden its self-checkout and store operations offerings, reflecting its ongoing commitment to innovation and client satisfaction in the competitive global retail sector.
Sectors
- Retail Technology
- Artificial Intelligence
Geography
- Germany – Both GK Software and Nomitri are based in Germany, reflecting the central geographic focus of the acquisition.
- Global – GK Software operates globally with installations in over 60 countries, indicating the international scope of their business strategy.
Industry
- Retail Technology – The acquisition involves companies that provide technology solutions to the retail sector, focusing on enhancing customer experience and operational efficiency.
- Artificial Intelligence – Nomitri specializes in AI software, particularly in computer vision, to provide automation solutions in the retail industry, making AI a central theme in the acquisition.
Financials
- – The financial details of the acquisition are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GK Software | Bidding Company | Company | A leading provider of commerce solutions for global retailers, founded in 1990 in Germany. |
| Nomitri GmbH | Target Company | Company | A Berlin-based deep tech startup specializing in AI software for computer vision, founded in 2019. |
| Fujitsu | Shareholder in GK Software | Company | A Japanese technology group holding around 96% of GK Software's shares since June 2023. |
| Orrick | Legal Advisor | Company | Advisor on the acquisition deal. |