GK Software buys Nomitri with founders Trinh Le-Fiedler and Max Fiedler remaining in managing positions

GK Software, a provider of commerce solutions for retailers, has acquired Nomitri, a Berlin-based AI self-checkout technology startup.

It says that the transaction will expand its commerce capabilities with out of the box SCO (self-checkout) and store operations solutions to expand the company’s global portfolio of retail customers.

Financial terms of the deal were not disclosed.

Nomitri will continue to exist as a wholly owned subsidiary of the GK Software Group. Founders Trinh Le-Fiedler and Max Fiedler (pictured below) will remain in managing positions. The Nomitri solutions will be presented as a new product suite within GK’s product portfolio under the name ‘GK Vision’.

“Nomitri has been an integral part of the GK partner ecosystem for some time, and its innovative capabilities have consistently impressed both our team and leading retailers," says Michael Scheibner, CEO at GK Software.

"Retailers are demanding fast, scalable, and cost-effective self-checkout solutions, and Nomitri has delivered time and time again. Today, we’re proud to take this partnership to the next level by welcoming Nomitri’s groundbreaking technology into the GK portfolio as GK Vision.”

‘With a strong foundation of collaboration and trust, we are ready to scale GK Vision and redefine the self-checkout experience for retailers worldwide. Integrated into our GK CLOUD4RETAIL commerce platform, this addition further cements our commitment to providing cutting-edge, end-to-end solutions for our global customers."

“Access to a cost-effective method that is not prone to more fraud is of utmost importance when considering the transition to a self-checkout solution,” says Matthias Blodig, EVP Ventures and Strategy at GK Software.

“The acquisition of Nomitri signifies GK’s commitment to our purpose of making interactions in retail simple. We can extend GK's range in this strategically important area even more and increase the speed of deployment while reducing costs for our customers. This is a great step towards accelerating innovation for in-store retail.”

“We are excited to join GK Software, a proven player in technology for the world’s leading retailers for over 30 years. Within GK’s tech stack, the Nomitri product portfolio is capable of truly unfolding its potential in SCO - either as a standalone solution or in combination with GK’s leading CLOUD4RETAIL product suite,” says Le-Fiedler.

2024 RTIH INNOVATION AWARDS

Self-checkout solutions were a key focus area at the sixth edition of the RTIH Innovation Awards.

The awards celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter.

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended November's gathering.