This translation has been automatically generated and has not been verified for accuracy.Montreal’s Lightspeed POS Inc. announced Tuesday that it will spend more than US$100-million in cash and stock to buy German competitor Gastrofix GmbH and expand within Europe.
The cloud-based retail point-of-sale service provider was one of just two Canadian IT companies to go public on the Toronto Stock Exchange last year. It has since been on a global acquisition spree., it bought Australian POS software firm Kounta Holdings Pty Ltd. for US$43-million in cash and stock plus an additional US$18-million in potential performance payouts.
Kounta was Lightspeed’s biggest acquisition at the time, until it revealed Tuesday that it would offer Berlin-based Gastrofix US$61-million in cash and US$40-million in shares, at a value of US$28.16 per share. The deal also includes about US$11-million in potential future payouts tied to goals such as hitting performance targets.Gastrofix brings 8,000 client locations with it, giving Lightspeed a significant footprint in Germany, Austria, Norway and other European markets.
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