MONTREAL — Lightspeed POS Inc. has entered into an agreement to acquire Gastrofix, a German cloud-based point-of-sale hospitality-software company. Lightspeed has agreed to purchase all of the outstanding shares of Gastrofix for a base purchase price of approximately US$61 million.
This acquisition builds on Lightspeed’s growth momentum, following a series of acquisitions in 2019, including: Chronogolf, a solution for golf-course operators; iKentoo, a Switzerland-based POS-solutions provider which serves merchants in more than 14 countries across Europe and Africa; and Kounta, an Australian provider in the hospitality industry.
“The addition of Gastrofix to our team further solidifies Lightspeed as a leader in cloud-based POS technology and establishes our immense footprint powering SMBs across the globe,” says Dax Dasilva, founder and CEO of Lightspeed. “We’re proud to welcome Gastrofix’s passionate employees to Lightspeed. Together, we’ll create new opportunities for hospitality businesses to reach their highest growth potential amidst shifts in the industry.”
“Gastrofix and Lightspeed’s common goal of digitizing the hospitality industry with versatile, efficient cloud-based solutions made the pairing a perfect match,” says Reinhard Martens, founder and CEO of Gastrofix.