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<strong>Vectron</strong> <strong>Systems</strong> <strong>AG</strong><br />
Company profile<br />
<strong>Vectron</strong> <strong>Systems</strong> <strong>AG</strong>, headquarted in Muenster/Germany, is leading provider of<br />
intelligent POS systems and communication software for the networking of branch<br />
shops. <strong>Vectron</strong> manufactures and distributes state-of-the art POS systems in<br />
various sizes and price categories. The company´s software comprises a program<br />
generator enabling industry specific adjustments as well as operating on both PC<br />
based platform and proprietary platform. Furthermore, the company offers<br />
supplementary peripheral devices such as printers or scanners which <strong>Vectron</strong><br />
sources from external partners. Overall, <strong>Vectron</strong> specializes in the dual platform<br />
strategy delivering software and hardware from one single source.<br />
With an installation basis of more than 100,000 POS systems all over the world,<br />
<strong>Vectron</strong> belongs to the "Top 10" of the European manufacturers and is market<br />
leader in the German catering trade and bakery trade. The company is positioned<br />
as a premium provider with business emphasis on small and medium sized<br />
companies (SMEs). <strong>Vectron</strong>‟s products are sold in 25 countries worldwide through<br />
a network of more than 250 retailers and distributors.<br />
<strong>Vectron</strong>´s business approach<br />
Sourcing & Manufactering<br />
� Sourcing of non-core<br />
components from external<br />
partners<br />
� Manufacturing at company s<br />
headquarter<br />
Source: CBS Research <strong>AG</strong><br />
History<br />
The company´s history is closely tied to the vita of three founders Jens Reckendorf,<br />
Thomas Stümmler and Jochen Fischer. The company was founded 1990 with Mr.<br />
Reckendorf and Mr. Stümmler as founding partners. Originally, <strong>Vectron</strong> had its<br />
main business emphasis on the development of communication software enabling<br />
the interaction between third party POS systems. However, with the introduction of<br />
its first own-developed POS System in 1998, the company extended its expertise,<br />
by adding manufacturing excellences to its business activities. A milestone in<br />
company´s history was the successful listing on the Neue Markt of the Frankfurt<br />
stock exchange in 1999.<br />
Over the next years, the company came under heavy financial pressure as result of<br />
its fast business expansion and the long-lasting economic recession on its<br />
domestic market. At the end of 2002, Hansa International <strong>AG</strong> located in Zurich<br />
joined <strong>Vectron</strong> as investor which resulted later in a merger between <strong>Vectron</strong> and its<br />
German daughter Hansa Chemie <strong>AG</strong>. The new company developed under the<br />
name Hansa Group <strong>AG</strong>.<br />
In course of a management-buy-out (asset deal) led by its origin founders, <strong>Vectron</strong><br />
became independent in May 2006. In March 2007, the company went public again<br />
and is listed on the Entry Standard of the Frankfurt stock exchange. After the<br />
successful turnaround <strong>Vectron</strong> strives for a profitable growth in the future.<br />
www.cbseydlerresearch.ag<br />
„Built-to-<br />
Order“<br />
Dual platform<br />
Hardware Software<br />
strategy<br />
Software and hardware from one single source<br />
Indirect<br />
distribution<br />
Leading provider of<br />
intelligent POS<br />
systems with a dual<br />
platform strategy<br />
Customers & Markets<br />
� Pan-European businsss<br />
emphasis<br />
� Main customer focus on<br />
SMEs<br />
Eventful history<br />
Close Brothers Seydler Research <strong>AG</strong> | 12
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