The Nomitri solutions will be presented as a new product suite within GK’s product portfolio under the name ‘GK Vision.’
GK Software, a provider of commerce solutions for retailers, has acquired Nomitri, a Berlin-based AI self-checkout technology startup.
It says that the transaction will expand its commerce capabilities with out of the box SCO (self-checkout) and store operations solutions to expand the company’s global portfolio of retail customers.
Financial terms of the deal were not disclosed.
Nomitri will continue to exist as a wholly owned subsidiary of the GK Software Group. Founders Trinh Le-Fiedler and Max Fiedler (pictured below) will remain in managing positions. The Nomitri solutions will be presented as a new product suite within GK’s product portfolio under the name ‘GK Vision’.
“Nomitri has been an integral part of the GK partner ecosystem for some time, and its innovative capabilities have consistently impressed both our team and leading retailers,” said Michael Scheibner, CEO at GK Software.
“Retailers are demanding fast, scalable, and cost-effective self-checkout solutions, and Nomitri has delivered time and time again. Today, we’re proud to take this partnership to the next level by welcoming Nomitri’s groundbreaking technology into the GK portfolio as GK Vision.”
‘With a strong foundation of collaboration and trust, we are ready to scale GK Vision and redefine the self-checkout experience for retailers worldwide. Integrated into our GK CLOUD4RETAIL commerce platform, this addition further cements our commitment to providing cutting-edge, end-to-end solutions for our global customers.”
“Access to a cost-effective method that is not prone to more fraud is of utmost importance when considering the transition to a self-checkout solution,” said Matthias Blodig, EVP Ventures and Strategy at GK Software.
“The acquisition of Nomitri signifies GK’s commitment to our purpose of making interactions in retail simple. We can extend GK’s range in this strategically important area even more and increase the speed of deployment while reducing costs for our customers. This is a great step towards accelerating innovation for in-store retail.”
“We are excited to join GK Software, a proven player in technology for the world’s leading retailers for over 30 years. Within GK’s tech stack, the Nomitri product portfolio is capable of truly unfolding its potential in SCO – either as a standalone solution or in combination with GK’s leading CLOUD4RETAIL product suite,” said Le-Fiedler.
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