{"id":22909,"date":"2023-11-13T09:06:18","date_gmt":"2023-11-13T07:06:18","guid":{"rendered":"https:\/\/devenet.epsu.gr\/press-release-for-the-acquisition-of-retail-fuel-by-epsilon-singularlogic\/"},"modified":"2024-10-17T18:08:22","modified_gmt":"2024-10-17T15:08:22","slug":"press-release-for-the-acquisition-of-retail-fuel-by-epsilon-singularlogic","status":"publish","type":"post","link":"https:\/\/epsilonnet.gr\/en\/press-release-for-the-acquisition-of-retail-fuel-by-epsilon-singularlogic\/","title":{"rendered":"Press Release for the Acquisition of Retail & Fuel by Epsilon SingularLogic"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tEPSILON NET GROUP<\/strong>: Acquisition of\u00a0Retail & Fuel<\/strong>\u00a0integration, sales & customer support software division of SingularLogic S.A. (a subsidiary of SPACE HELLAS S.A.) by\u00a0Epsilon SingularLogic<\/strong>\u00a0(a subsidiary of EPSILON NET Group)\r\n\r\nEPSILON NET Group<\/strong>\u00a0announces that its subsidiary\u00a0Epsilon SingularLogic S.A.<\/strong>\u00a0has agreed to acquire from SingularLogic, a subsidiary of SPACE HELLAS Group, the entire activity of\u00a0Retail & Fuel<\/strong>\u00a0integration, sales & customer support software division which is addressed to the retail sector enterprises and gas stations.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThis specific Business Unit has so far cooperated harmoniously with the corresponding software product development division of Epsilon SingularLogic S.A. in order to offer integrated solutions in these areas by utilizing:\r\n
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  • special software systems<\/li>\r\n \t
  • specialized application & interconnection services<\/li>\r\n \t
  • specialized equipment systems<\/li>\r\n<\/ul>\r\nBased on this agreement, the personnel of the two business teams is consolidated and will continue to provide software & integrated solutions under the management and ownership of\u00a0Epsilon SingularLogic<\/strong>.\r\nThe plan for the completion of the technical process for the transfer of the division from SingularLogic S.A. to Epsilon SingularLogic S.A. includes the following steps:\r\n
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    • spin-off of the Retail & Fuel division\u00a0<\/strong>of SingularLogic S.A. with a spin-off balance sheet date of 31\/10\/2023 and\u00a0its contribution<\/strong>\u00a0to the beneficiary Epsilon SingularLogic S.A.<\/li>\r\n \t
    • capital increase<\/strong>\u00a0in Epsilon SingularLogic S.A. through the issue of new shares\u00a0for the benefit<\/strong>\u00a0of SingularLogic S.A., the Retail & Fuel contributing company<\/li>\r\n \t
    • transfer of the shares<\/strong>\u00a0of Epsilon SingularLogic S.A. from SingularLogic S.A. to\u00a0EPSILON NET S.A.<\/strong>\u00a0for the agreed amount of\u00a0\u20ac3,000,000<\/strong>.<\/li>\r\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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      \n\t\t\t\t\t\t\t\t\tIn order to determine the value of the Business Unit, the Independent Chartered Auditor\u2019s Report was considered and resulted that the price corresponds to the fair value of the division.\r\n\r\nThe Retail & Fuel services and sales division includes the following sectors:\r\n
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      • Fuel Retail Solutions\u00a0<\/strong>sector, has been offering since 1998, all over Greece, an advanced IT fuel monitoring (input-output system) & retail sale system, which is constantly evolving to effectively meet the multidimensional needs of modern gas stations regarding the\u00a0customer experience & loyalty<\/strong>, compliance with complex legislative obligations and optimal business management of fuels points of sale, goods & services.\r\nThe clientele<\/strong>\u00a0includes most of the largest\u00a0gas station retail chains<\/strong>\u00a0in Greece that develop their activity through an extensive network, as well as a large number of\u00a0independent stations<\/strong>. The total clientele numbers are more than\u00a02,000 gas stations all over Greece.<\/strong><\/li>\r\n<\/ul>\r\n
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        • Retail Solutions<\/strong> sector, with more than 3 decades of active presence, provides a full range of IT solutions for large & medium-sized retail chains in all retail sectors, ranging from the provision of software systems for cash register applications to information systems & equipment related to all their IT needs.\r\nThe clientele includes some of the most important supermarket and retail business chains operating in Greece.<\/li>\r\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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          \n\t\t\t\t\t\t\t\t\tAlong with the solutions, specialized services are provided for the integrated support of all their systems (Front Office, Back Office, Loyalty<\/strong>) according to the specific operational needs of their branch network, such as extended operating hours, geographical dispersion in urban, semi-urban & tourist areas and system topology.\r\n\r\nThe acquisition of this activity is part of the strategic planning of\u00a0EPSILON NET Group<\/strong>, for systematic expansion of its customer base and the solutions it offers both\u00a0horizontally<\/strong>\u00a0and in\u00a0dynamic<\/strong>\u00a0vertical markets<\/strong>\u00a0with specialized needs. At the same time, it is expected to add sales of more than\u00a0\u20ac5,500,000<\/strong>\u00a0on an annual basis<\/strong>, significant profitability, economies of scale, and further ability to provide expanded solutions in the context of the Group’s strategic partnership with NATIONAL BANK of GREECE.\r\n\r\nThe Group continues with consistency the implementation of technological & business partnerships aiming to increase its market shares and overall financial figures. The strategic goal of EPSILON NET management remains the value creation for its staff, partners and shareholders as the largest\u00a0Business Software & Technology Solutions<\/strong>\u00a0provider in Greece.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

          EPSILON NET GROUP: Acquisition of\u00a0Retail & Fuel\u00a0integration, sales & customer support software division of SingularLogic S.A. (a subsidiary of SPACE HELLAS S.A.) by\u00a0Epsilon SingularLogic\u00a0(a subsidiary of EPSILON NET Group) EPSILON NET Group\u00a0announces that its subsidiary\u00a0Epsilon SingularLogic S.A.\u00a0has agreed to acquire from SingularLogic, a subsidiary of SPACE HELLAS Group, the entire activity of\u00a0Retail & Fuel\u00a0integration, sales […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-22909","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"yoast_head":"\nPress Release for the Acquisition of Retail & Fuel by Epsilon SingularLogic | EPSILONNET<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/epsilonnet.gr\/en\/press-release-for-the-acquisition-of-retail-fuel-by-epsilon-singularlogic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Press Release for the Acquisition of Retail & Fuel by Epsilon SingularLogic\" \/>\n<meta property=\"og:description\" content=\"EPSILON NET GROUP: Acquisition of\u00a0Retail & Fuel\u00a0integration, sales & customer support software division of SingularLogic S.A. (a subsidiary of SPACE HELLAS S.A.) by\u00a0Epsilon SingularLogic\u00a0(a subsidiary of EPSILON NET Group) EPSILON NET Group\u00a0announces that its subsidiary\u00a0Epsilon SingularLogic S.A.\u00a0has agreed to acquire from SingularLogic, a subsidiary of SPACE HELLAS Group, the entire activity of\u00a0Retail & Fuel\u00a0integration, sales […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/epsilonnet.gr\/en\/press-release-for-the-acquisition-of-retail-fuel-by-epsilon-singularlogic\/\" \/>\n<meta property=\"og:site_name\" content=\"EPSILONNET\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/omilosepsilonnet\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-13T07:06:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-17T15:08:22+00:00\" \/>\n<meta property=\"og:image\" 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