Financial Advisor
Vectron Systems AG
M&A Advisory
Has Sold A Majority Stake To
Transaction Details
- On June 1, 2024, Vectron Systems AG (“Vectron”), announced that it entered into a Business Combination Agreement, a 10% capital increase and supported a voluntary public acquisition offer by Shift4 group of companies ("Shift4") at a price of EUR 10.50 per share.
- At the same time, Shift4 entered into a share purchase agreement with the CEO, Thomas Stümmler, and a company controlled by him regarding the acquisition of approx. 41.4% of Vectron’s share capital
- The transaction was subject, among other things, to the condition that Shift4 succeeded in acquiring a total of at least 70% of the Vectron shares (including the new shares to be subscribed from the capital increase)
- On June 17, 2024, Vectron announced that with the 70% threshold having been nearly reached already, Shift4 had now declared that it had waived all offer conditions.
About the company
Vectron Systems AG
Vectron Systems AG is one of the leading European manufacturers of POS systems, POS software, apps, digital and cloud-based services, with over 250,000 sold POS systems. Vectron is the market leader in Germany, Austria, Switzerland and BeNeLux in the target sectors of hospitality and bakeries. The end customer spectrum ranges from a single POS installation in a small town restaurant to a 1,000 POS network for chains.
Shift4 Group
Shift4 is a US-based, publicly traded company specializing in integrated payments and commerce technology. Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry.
Sources: Company Filings, Press Release.
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