Mergers, acquisitions, partnerships

News from the retail sector

Snabble's scan-and-go solution will become an important component of q.beyond's highly scalable trading platform.

q.beyond acquires a 25.4 percent stake in Snabble and consolidates its position in the retail sector. Snabble has already demonstrated the functionality and market maturity of its own scan-and-go solution at major retailers such as Ikea, TeeGschwendner and Tegut.

Founded in 2018, the start-up can use the new financing round to expand the reach and functionality of its product. q.beyond is integrating the innovative solution into its own retail platform StoreButler, thereby opening up opportunities for growth.

Thorsten Raquet, member of the q.beyond management board, emphasizes the strategic importance of the new investment: "The digitalization of stores is currently the central topic in retail. Our retail platform StoreButler now covers the entire shopping experience with integrated solutions - from digital price tags to self-checkout."

q.beyond is already working with Snabble on its first projects and is now tying the start-up more closely to it; the contract that has now been concluded includes the option to increase the stake from 2023 and acquire a majority stake. The parties have agreed not to disclose the exact conditions.