Vectron Systems

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Vectron Systems AG

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legal form Corporation
ISIN DE000A0KEXC7
Seat Munster , GermanyGermanyGermany 
management Thomas Stümmler
Number of employees 180 (December 2017)
sales 32.38 million euros (2017)
Website www.vectron-systems.com

The Vectron Systems AG is a German provider of POS systems and software for networking of chain stores based in Münster .

The original company of today's Vectron was founded in 1990 as Vectron Systems Datentechnik GmbH by Jens Reckendorf and Thomas Stümmler. Initially, the company concentrated on the development of inventory management and communication software to connect POS systems from different manufacturers with PCs. In 1998 the company made the leap from a pure software developer to a full-range provider of POS systems. The company expanded its product range, although the market environment in Germany in particular became increasingly difficult. In 1999 the company was listed on the German stock exchange ( Neuer Markt market segment ) as Vectron Systems AG . Vectron was part of the New Economy in the broader sense , but differed from many other companies in that it had more down-to-earth products.

As with many companies in the New Market, the rapid expansion expected by the capital market at the time could not be successfully implemented. International company acquisitions after the IPO turned out to be too ambitious an expansion strategy. In addition, the introduction of the euro and the subsequent price increases have led to a reluctance to consume in the main target industries for POS systems. The reports from 2000 also speak of “errors in accounting and controlling”. A capital increase required in the crisis phase ultimately failed due to the collapse of the Neuer Markt, which forced Vectron to withdraw from its subsidiaries at the expense of high losses.

The financially troubled company was saved by the entry of Zurich-based Hansa Chemie International AG, which redeemed all of Vectron's bank debts, financed the restructuring and extensive new product developments, and submitted a takeover offer to the free shareholders of Vectron. In addition to the expectation of a successful turnaround, the background to the Swiss company's involvement was the intention to merge its German subsidiary, Hansa Chemie in Duisburg, with Vectron in order to use its stock exchange listing for its own listing.

With the support of Hansa, Vectron succeeded in the turnaround after the loss years 2001 to 2003. Vectron was not only able to increase its sales, but has also been generating clearly positive results since 2004.

Hansa made the decision to sell the company, which had since recovered, because an American company had expressed interest in a purchase in 2005. Although these discussions did not lead to a conclusion, they gave the founders of Vectron the opportunity to make their own purchase offer before the division was sold to a third party. With the help of the WGZ Bank Group, a partially loan-financed takeover offer was made and at the beginning of March 2006, the Hansa Group AG and the company founders agreed on a management buy-out as part of an asset deal .

Since March 23, 2007 Vectron shares have been traded again. They are listed in the Entry Standard and have been listed in the newly created Scale segment of Deutsche Börse since March 2017 . Today, Vectron Systems AG claims to be the market leader in the field of service catering and high-quality solutions for bakery chain stores in the German-speaking area and, with an export share of over 40%, is an important supplier in many other European countries. With the marketing tool bonVito, Vectron has expanded its product range since 2011 to include customer loyalty functions, customer cards, reporting, payment and a reservation system.

With the second brand Duratec, Vectron has also been serving small to medium-sized catering businesses with standardized checkout solutions and mobile checkout apps since 2013.

At the end of 2016, Vectron acquired 75% of the POS software startup posmatic GmbH. The company is a manufacturer of POS software that runs on Apple hardware, such as B. iPads, iPods or iPhones is running.

The Supervisory Board of Vectron Systems AG has appointed Oliver Kaltner as the company's CEO for the next four years with effect from February 1, 2018. At the same time, the company's founder, Thomas Stümmler, has given up his position on the Management Board, but will support the company in an advisory capacity and stand for election to the Supervisory Board at the next Annual General Meeting. The second company founder, Jens Reckendorf, continues to be responsible for technical development as a board member.

Oliver Kaltner has many years of experience in the consumer electronics and IT industry. Most recently, he was CEO of Leica Camera AG. Before that, Kaltner was General Manager and member of the management team at Microsoft Deutschland GmbH, responsible for the consumer business. Further stations in his professional career included executive and managerial positions at Sky AG, Sony Deutschland GmbH, Electronic Arts GmbH and Nike GmbH, among others.

At the beginning of July 2018, the supervisory board of Vectron Systems AG amicably canceled the management board employment contract with Oliver Kaltner. The reason for the repeal were different views on the implementation of the strategy. Vectron co-founder and supervisory board member Thomas Stümmler was sent by the supervisory board to the management board with immediate effect. He had already performed this role from the time the company was founded until the appointment of Oliver Kaltner in February 2018.

Since January 1st, 2019 posmatic GmbH has been 100% owned by Vectron Systems AG.

Web links

Individual evidence

  1. ↑ a b Vectron Systems AG: Annual Report 2017 (PDF) Accessed on November 26, 2017 .
  2. ↑ www.finanznachrichten.de of December 21, 2000: Vectron AG sell
  3. ↑ Vectron Systems AG: Vectron in retrospect

Coordinates: 51 ° 56 ′ 3 ″  N , 7 ° 38 ′ 48 ″  E