GS1 US and GS1 Germany complete Joint Venture and create 1WorldSync

GS1 US and GS1 Germany, the two largest member organizations of the GS1 System, have signed a definitive agreement to form a joint venture combining their 1SYNC and SA2 Worldsync subsidiaries, respectively, into a new combined organization named 1WorldSync, Inc. Jörg Pretzel, CEO of GS1 Germany, and Bob Carpenter, CEO of GS1 US, made a joint statement: “Brand owners and other businesses will benefit from this venture as we create a proven leader in the development and implementation of solutions to build a better-informed world. The sharing of product information beyond the traditional business-to-business model has rapidly become a flashpoint for businesses, and 1WorldSync will be at the forefront of this major shift.”

1WorldSync’s chief executive officer is Nihat Arkan, formerly the CEO of SA2 Worldsync. “This is a very important coupling of talents, as 1WorldSync combines 1SYNC’s strengths across multiple industries with the global reach and strategic partnerships of SA2 Worldsync,” said Arkan. “1WorldSync accelerates our vision for consistent, authentic, high-quality product data to manage industry and consumers’ expectations successfully.” Uniting the strengths and complementary visions of both firms, 1WorldSync will continue development and global expansion of solutions for product data management and data synchronization. The company starts with more than 15,000 customers, directly or indirectly, in more than 40 countries. It offers solutions and services across a range of industries, including healthcare, grocery, hardlines, foodservice and consumer packaged goods.