The digitalization specialist q.beyond takes a 25.4 percent stake in Snabble GmbH and thus increases its innovative lead in the digitalization of retail. With the financing round, Snabble can expand the reach as well as the functionality of the product. q.beyond AG integrates the innovative solution into its own highly scalable retail platform "StoreButler" and thus opens up further growth opportunities.
Sebastian Mancke, CEO of Snabble GmbH, is looking forward to the cooperation:
With q.beyond, we are gaining a strong and experienced partner. Our joint focus is on the digitalization of retail and the improvement of retailers' business models. In doing so, we can offer customers a wider range of services from a single source and effectively cover service and support issues for international rollouts. The SAP expertise of q.beyond helps us to support the process integration of retailers even better. We look forward to joint projects in the future.Sebastian Mancke, Founder & CEO, Snabble GmbH
Snabble and q.beyond are already working together on initial projects. The contract now concluded includes an option for q.beyond to increase its stake from 2023 and take over the majority in Snabble. The parties have agreed not to disclose the exact terms.
Thorsten Raquet, member of the management board of q.beyond:
The digitalization of stores is currently the central topic in retail. Snabble has already proven the market readiness and functionality of its Scan & Go solution by working with various retail companies. Our StoreButler retail platform now covers the entire shopping experience with integrated solutions, from digital price tags to self-checkout.Thorsten Raquet, member of the management board, q.beyond AG
The Snabble Self-Checkout Cloud
Snabble is currently the leading cloud platform for self-checkout. In addition to mobile Scan & Go via the Snabble multi-retailer app, the software can be used on stationary SCO, guaranteeing a seamless shopping experience. The Scan & Go technology can also be integrated into existing apps via an SDK.
The architecture of the self-checkout cloud is built on state-of-the-art micro-services. This enables detailed and individual customization at each retailer using Snabble services. Features such as an intelligent shopping list, digital coupons, age verification in self-service or in-app payment including fiscalization can thus be designed in the simplest way.
Snabble has already won the prestigious reta award as Top Supplier Retail twice, most recently with tegut... as the complete tegut... teo checkout solution.
StoreButler as a connecting element
q.beyond integrates Snabble's self-checkout solution into its own highly scalable StoreButler retail platform. This combines digital solutions for retail on a smart edge platform. The self-checkout solution from Snabble is one of the key features.
q.beyond also received the coveted reta award as Top Supplier Retail at the beginning of 2021; here, the integration of the StoreButler at Fressnapf convinced the jury.
A partner in the digitalization of medium-sized businesses
With 1,000 employees and several locations, q.beyond AG is considered a driving force in the digital transformation of medium-sized businesses. Founded in 1997, the company provides medium-sized companies with forward-looking complete solutions in the areas of cloud, IoT and SAP. Just like Snabble, q.beyond develops customer-centric, digital solutions that sustainably improve customers' business models.
q.beyond combines development, implementation and operation so that customers can be offered a universal solution instead of an isolated solution. Due to its long experience with renowned customers and pioneering digital projects, q.beyond recognizes industry-specific success factors. This expertise can be leveraged particularly in the retail, manufacturing and energy industries.
Jürgen Hermann, CEO of q.beyond AG, shows the perspectives:
We are very pleased to offer our customers the missing building blocks in the digitalization of retail with Snabble and our StoreButler commerce platform. Highly scalable digitalization platforms form an excellent basis for strong and profitable growth.Jürgen Hermann, CEO, q.beyond AG