Lightspeed POS Inc. Buys German Cloud Provider
Lightspeed POS Inc. has struck a deal to buy Gastrofix, a quickly-growing market leader for cloud-based POS hospitality software in Germany.
Lightspeed’s acquisition of Gastrofix brings two high-performing, complimentary teams together to better assist European merchants as they transition to the cloud.
With 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 acquisition, Lightspeed now has the capacity to offer solutions for merchants and restauranteurs across Europe.
This 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.
This 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.