Pironet NDH AG and GS1 Germany today signed an agreement with U.S.-based Agentrics LLC to combine its item synchronization business unit, which includes customer relations and customer basis, with Sinfos GmbH, a subsidiary of Pironet NDH AG and GS1 Germany. Agentrics operates the world’s third largest data pool and provides item data synchronization services for more than 15 of the world's leading retailers; Sinfos operates the world’s second largest data pool, used by about 2500 companies.
The combined company will begin operation under a new corporate brand in early 2008.
The agreement is expected to be approved by the Pironet NDH AG supervisory board, which will meet December 12th, 2007.
The new contracts were signed within the framework of a recapitalization of Sinfos. In the wake of the new issue Pironet NDH AG will hold 51% of the shares.
The combined company will begin operation under a new corporate brand in early 2008.
The agreement is expected to be approved by the Pironet NDH AG supervisory board, which will meet December 12th, 2007.
The new contracts were signed within the framework of a recapitalization of Sinfos. In the wake of the new issue Pironet NDH AG will hold 51% of the shares.
