Acquisition of ARS Software in Austria
TCPOS, Zucchetti group company, expands in the German-speaking area with the takeover of the Austrian firm ARS Software, an established POS supplier for the Swiss department store chain Manor AG. TCPOS will continue to maintain the existing POS software solution. The new subsidiary in Graz will strengthen the business in Austria.
The international full-service IT provider TCPOS has completed the acquisition of the Austrian software development company, ARS Software. The ARS POS solution has been in use for over 15 years on more than 2,000 cash registers and payment terminals at Manor, the Swiss department store chain. In the course of the takeover, TCPOS also acquired the shares from Manor, so that TCPOS SA is now a 100 percent shareholder of the company.
With the takeover, TCPOS secures ARS Software’s employees a long-term perspective and retains the know-how of the existing solution, which will be incorporated into a future project. Additionally, TCPOS will support its customers in Austria directly from the Austrian subsidiary.
With the expansion of the business, TCPOS is planning to reorganize the Austrian subsidiary’s management: The former ARS Managing Director, Robert Gehmacher, continues to contribute to the integration process as Managing Director. For the following expansion phase, Dirk Schwindling, CEO of TCPOS GmbH, will manage the operational business and simultaneously represent TCPOS SA. As a member of the management at TCPOS, he has already begun to build up the Austrian business in recent years. He has an outstanding network and extensive experience in business development in the POS software industry.
Dirk Schwindling, CEO of Tcpos GmbH sees enormous potential in the new subsidiary: “We are gradually building a sales and service organization within Austria. The existing expertise of ARS in combination with a solid POS software competence in the market is an excellent starting point.” The new company will continue to support the solution at Manor and ensure the continuation of the successful collaboration with the Swiss retail chain.
Giacomo Knechtli, Chairman of the Board of Management of TCPOS SA, is pleased with the expansion: “Over the last months, we have been steadily expanding our international business and have gained new customers worldwide. Now we want to strengthen the business in the German-speaking area with a new subsidiary in Graz. For TCPOS it’s a strategically important milestone to open up another European location, enabling us to be close to our customers and maintain a local presence.”