|[May 08, 2012]
GS1 US and GS1 Germany Announce Joint Venture of Data Management Subsidiaries 1SYNC and SA2 Worldsync
LAWRENCEVILLE, N.J. & COLOGNE, Germany --(Business Wire)--
GS1 US and GS1 Germany, two of the largest member organizations of the
GS1 System, today announced they have signed a letter of intent to
combine their 1SYNC (GS1 US) and SA2 Worldsync (GS1 Germany)
GS1 US and GS1 Germany plan to complete the transaction in the third
quarter of 2012.
1SYNC and SA2 Worldsync together provide product data synchronization
services and solutions to more than 15,000 businesses, directly or
indirectly, in more than 40 countries. The highly complementary
organizations manage product data for more than 7 million items,
allowing some of the world's largest brand owners to share trusted
product information with hundreds of trading partners via the GS1 Global
Data Synchronization Network.
The two companies' customers include companies of all sizes, including
many leading organizations across multiple industries such as consumer
packaged goods, retail, food service and healthcare.
"All 1SYNC and SA2 Worldsync customers should be excited about the joint
venture, as the companies have a shared vision and complementary
strengths that will benefit the global communities they serve," said
Rodney McMullen, president and chief operating officer of Kroger, who is
also chairman of the GS1 US Board of Governors.
"The new company will be more global, and provide better data services
today while creating scale and a smoother path to meeting our industry's
requirements," said Otmar Debald, managing director of Procter & Gamble
Germany, who is also chairman of the GS1 Germany Supervisory Board.
"This joint venture is all about meeting businesses' needs in rapidly
changing, increasingly global markets," said Bob Carpenter, president
and CEO of GS1 US. "1SYNC and SA2 Worldsync are the clear leaders in
business-to-business (B2B) product data management, but our customers,
who are in multiple industries, increasingly need to share more and
different product information with consumers (B2C) through new
applications and new platforms, such as e-tailers. Our combined
companies wil provide them with a global, single-touch, one-to-many
product data management platform, helping companies use their product
information to create a competitive advantage."
Jörg Pretzel, chief executive officer of GS1 Germany, said, "The joint
venture will be collaborating to develop a new global technology
platform that maintains our leadership in B2B and delivers a smart B2C
capability not available from any other company. It will support brand
owners' needs for providing trustworthy product data to consumers, where
currently a large percentage of product data accessed by smartphone apps
or the Internet is incorrect or missing."
More details will be communicated after the combination is complete.
About GS1 US
GS1 US, a member of GS1, is an information standards organization that
brings industry communities together to solve supply-chain problems
through the adoption and implementation of GS1 standards. More than
200,000 businesses in 25 industries rely on GS1 US for trading-partner
collaboration and for maximizing the cost effectiveness, speed,
visibility, security and sustainability of their business processes. GS1
US also manages the United Nations Standard Products and Services Code
1SYNC, the largest certified data pool in the Global Data
Synchronization Network (GDSN), is dedicated to the implementation of
standards-based, global supply chain solutions. 1SYNC offers a robust,
easy-to-use solution that can reduce costly data errors and increase
supply chain efficiencies for companies of all sizes. The growing 1SYNC
community consists of 60 leading recipients and more than 7,000
suppliers worldwide. These customers are synchronizing product data on
more than 6 million items in the GDSN. www.1SYNC.org.
About GS1 Germany
GS1 Germany supports companies from all sectors in the adoption and
practical implementation of modern communication and process standards,
in order to improve the efficiency of their business processes. Within
Germany, the company is responsible for the maintenance and continued
development of the GS1 article identification system GTIN for globally
unique identification, which in turn serves as the basis for bar codes.
Moreover, GS1 Germany supports the application of new technologies for
fully automatic object identification (EPC/RFID) and offers
customer-orientated solutions (ECR - Efficient Consumer Response). www.gs1-germany.de
About SA2 Worldsync
SA2 Worldsync is a leading provider of global product data management
solutions. We support global and local companies representing different
industries with innovative technologies and services for price and
product data synchronization, couponing and master data management. SA2
Worldsync leverages GS1 Standards and operates several industry and
region specific data pools certified by the Global Data Synchronization
Network (GDSN). Our services are used by more than 8,000 companies in
over 30 countries, including 48 of the world's leading retailers. SA2
Worldsync is the exclusive technology and service provider for 16 GS1
member organizations and partner companies worldwide. www.sa2worldsync.com
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