GS1 US and GS1 Germany complete joint venture

GS1 US and GS1 Germany complete joint venture

J., and GERMANY, Cologne. GS1 US and GS1 Germany, the two largest member organisations of the GS1 System, have signed a definitive agreement to form a joint venture combining their 1SYNC and SA2 Worldsync subsidiaries, respectively, into a new combined organisation named 1WorldSync, Inc.

1WorldSync's chief executive officer is Nihat Arkan, formerly the CEO of SA2 Worldsync.

In addition to Arkan, the new company's management team will include Chief Marketing and Administrative Officer Katy Theroux, currently a senior vice president at GS1 US; Chief Information Officer Ulf Adebahr, currently chief operating officer of SA2 Worldsync; Daniel Wilkinson, managing director, Americas; and two regional managing directors yet to be named.

GS1 US and GS1 Germany will provide equal representation to the 1WorldSync board of directors.

Uniting the strengths and complementary visions of both firms, 1WorldSync will continue development and global expansion of solutions for product data management and data synchronisation. The company starts with more than 15,000 customers, directly or indirectly, in more than 40 countries. It offers solutions and services across a range of industries, including healthcare, grocery, hardlines, foodservice and consumer packaged goods.

Several current customers of 1SYNC and SA2 Worldsync have offered guidance to the companies in support of the joint venture's creation and strategic direction.

1WorldSync will be incorporated in the state of Delaware, with offices in the Americas, Europe and Asia. The management team will be based in both Lawrenceville, N.J., USA, and Cologne, Germany.
Source: GS1