Jena, 16 March 2022 – Intershop Communications AG (ISIN: DE000A254211), a leading independent provider of innovative solutions for B2B commerce, announces the acquisition of 80% of the shares in Sparque B.V., Netherlands; the remaining 20% will be retained by the current shareholders and the incumbent management, who will become part of Intershop’s extended management team. In addition, Intershop will acquire the rights to use the AI-based B2C and B2B e-commerce technology for personalized searches and product recommendations from Spinque B.V., Netherlands, which holds a stake in Sparque B.V. Intershop will integrate the SaaS solution from the Microsoft Azure Cloud into its own e-commerce platform without any additional effort and will also offer it to enterprises that do not use the Intershop Commerce platform. This creates a new business field for the Intershop Group which combines Intershop’s long-standing experience in e-commerce with state-of-the-art AI technology. As put and call options have been agreed, Intershop will be able to acquire the remaining shares in Sparque B.V. in 2026, thereby simultaneously converting the previously time-limited exclusive rights of use into a permanent legal position. The parties have agreed not to disclose the purchase price of the transaction.
Intershop (founded in Germany 1992; Prime Standard: ISHA) enables the world’s leading manufacturers and wholesalers to digitalize, transform, and boost their businesses. Our e-commerce platform and cloud-based technology give B2B companies the power to establish and expand their digital presence, improve customer experience, and increase online revenue. With more than 25 years’ experience and a global presence, we help our 300+ clients turn products into profits, customers into business partners, and transactions into lasting relationships.
Intershop is built to boost your business. Learn more at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.