With strong support from its shareholders, GS1 Germany has today acquired 100 percent of 1WorldSync GmbH and is therefore the only shareholder with immediate effect. 1WorldSync GmbH will operate under the name atrify GmbH in the future.
With strong support from its shareholders, GS1 Germany has today acquired 100 percent of 1WorldSync GmbH and is therefore the only shareholder with immediate effect. 1WorldSync GmbH will operate under the name atrify GmbH in the future.
For you, our customers, nothing will change today except the name. You will soon benefit from extensive investments in our core products as well as new, innovative products. We will keep you up to date on this over the next few weeks.
The reason for this change is the decision of the shareholders of the global 1WorldSync to sell the US division of the company, 1WorldSync Inc., to an investor. At the same time, this means that GS1 Germany no longer holds any shares in 1WorldSync Inc. and GS1 US will completely withdraw from the business of 1WorldSync GmbH. A major factor in this decision are the different developments in the US and European markets. While in Germany and Europe the harmonization of requirements for data exchange via community work (and e.g. resulting target market profiles) is advancing, in the USA it is mainly a service offering market that is characterized by diverse individual requirements of individual dealers for data without uniform Target market profiles.
atrify will invest immediately against the background of a strategic realignment. Our portfolio of solutions for all aspects of product content is to be massively expanded in the new structure.
Atrify GmbH will concentrate fully on the needs of the customers. atrify invests in order to intensify the expansion of the existing core business but above all to offer additional, innovative solutions in the area of product content management. Atrify will develop new business areas and support other industries with innovative services that have to adapt their business models in the context of increasing digitalization and want to use new opportunities for their development. Here atrify will work on completely new use cases to solve relevant customer problems. In the future, these will become a mainstay of the business and complement the successful core business in the long term.
Atrify GmbH is therefore well positioned for the future, and we look forward to continued successful cooperation with you!
Effective today, GS1 Germany, with the backing of its shareholders, has acquired 100 percent of 1WorldSync GmbH, making GS1 Germany the sole shareholder. From now on 1WorldSync GmbH will operate under the name atrify GmbH. Initially, nothing will change for you except our name. In due course, however, you will benefit from extensive investments made into our core products, as well as from exciting, new, innovative products. We will keep you updated on these developments in the coming weeks. The background for this change is based on the shareholders' belief that the continued success of 1WorldSync will require a more agile structure that promotes innovation and allows business decisions to be made quickly. The vision is for 1WorldSync and atrify GmbH to each scale and take advantage of new promising opportunities at the pace and speed that industry and consumers demand. GS1 US and GS1 Germany remain committed to the Global Data Synchronization Network (GDSN). While GS1 US is divesting their ownership in 1WorldSync, they will continue to support all GDSN data pools as part of their solution provider and community engagement efforts in the US. As part of atrify's strategic reorientation, we will start to invest right away. The current solution portfolio for product content management will be significantly extended with additional demand-driven solutions. atrify is investing to intensify the expansion of its existing core business and to offer additional, innovative solutions in the area of product content management. Therefore, atrify will develop new business areas and develop innovative services for new in To the original article
