GS1 US and GS1 Germany Announce Joint Venture

GS1 US and GS1 Germany, two of the largest member organizations of the GS1 System, announce they have signed a letter of intent to combine their 1SYNC (GS1 US) and SA2 Worldsync (GS1 Germany) subsidiaries. GS1 US and GS1 Germany plan to complete the transaction in the third quarter of 2012.

 

“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,” says 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,” says Otmar

Debald, managing director of Procter & Gamble Germany, who is also chairman of the GS1 Germany Supervisory Board.

 

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. More details will be communicated after the combination is complete.