Lightspeed, a cloud-based commerce platform powering small and medium-sized businesses, has announced that that it has entered into an agreement to acquire Gastrofix, a quickly-growing market leader for cloud-based POS hospitality software in Germany for upwards of $164 million (approx €147 million)
The deal for the cloud-based, hospitality-focused company includes $79.4 million (approx €71.2 million) in cash and $52.7 million (approx €47.2 million) in shares on closing, plus a further $19 million (approx €17 million) in cash and $12.7 million (approx €11.3 million) in shares if some performance conditions are met.