Search
Contact
11.10.2012 | Press releases

German-American joint venture gets back on its feet with integrated advice from KPMG

The German SA2 Worldsync and the US-based 1SYNC are international service providers for identification, communication and process standards. They develop worldwide standards for master data in retail and the consumer goods industry, such as the universally known barcode. The new joint venture, based in Lawrenceville, USA, will be a leader in the development and implementation of global master data management solutions, according to GS 1 Germany and GS1 US management.

The exchange of product information has become a crucial success factor far beyond traditional B2B processes. This is because reliable product information is increasingly becoming the decisive key criterion for successful information and communication processes with customers and end users. 1WorldSync already offers its products to over 15,000 companies from more than 40 countries. Customers include world-renowned companies from various industries such as healthcare, food retail, food services as well as the consumer goods industry.

KPMG provided comprehensive support for the project on behalf of GS 1 Germany. The special approach here was the integrated consulting concept. For example, KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG AG) initially advised on the value indication and prepared more extensive economic analyses and comparisons of the joint venture partners.

Together with the Tax department of KPMG AG, KPMG Law advised the team on the tax side and on all contractual issues. This made it possible to provide high-quality support for the entire project “from a single source”. A particular challenge was also due to the different structures: A non-profit organization (1SYNC) and a profit organization (SA2) were set up together as a profit organization in the new company.

Explore #more

14.11.2023 | Press releases

Tax and Law at a glance – New issue of the digital magazine “Talk

“Talk” stands for Tax and Law Compass, because that’s what the digital magazine wants to be: a navigation aid to the legal and tax aspects…

10.11.2023 | Deal Notifications

KPMG Law and KPMG AG Wirtschaftsprüfungsgesellschaft advise Ziemann Holvrieka on the acquisition of Künzel Maschinenbau

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) and KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG) advised Ziemann Holvrieka GmbH from Ludwigsburg on the acquisition of the majority of shares…

09.11.2023 | KPMG Law Insights

Mantelverordnung: New rules for mineral substitute building materials

On 01.08.2023, a number of laws came into force or were amended with the framework ordinance on the recycling of mineral waste: the ordinances…

08.11.2023 | Deal Notifications

KPMG Law advises Wide Open Agriculture on the acquisition of assets of Prolupin GmbH

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) advised Wide Open Agriculture Limited (WOA) on the agreement to acquire the assets of Prolupin GmbH. The agreement provides…

08.11.2023 | Deal Notifications, Press releases

KPMG Law advises Wide Open Agriculture on the purchase of assets of Prolupin GmbH

KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) has advised Wide Open Agriculture Limited (WOA) on the agreement to acquire assets of Prolupin GmbH. The agreement provides…

07.11.2023 | KPMG Law Insights, KPMG Law Insights

GWB amendment: These interventions threaten after sector inquiries

On April 5, 2023, the German government passed the 11th amendment to the Act against Restraints of Competition (GWB), the so-called Competition Enforcement Act.…

01.11.2023 |

Guest article in the “Versicherungswirtschaft” on autonomous driving

Autonomous cars are supposed to be the future. For the insurance industry, the development is accompanied by new risks, but also promising market prospects. In…

01.11.2023 | KPMG Law Insights

The MoPeG is coming – Here’s how GbRs with real estate should act now

On January 1, 2024, the German Act on the Modernization of Partnership Law (MoPeG) will come into force. Then the civil law partnership (GbR) has…

31.10.2023 |

Philipp Glock on the use of generative AI in the current issue of Juve Rechtsmarkt

ChatGPT has ushered in a new information age. The same applies to law firms: If you want to keep up, you have to stay on…

25.10.2023 | KPMG Law Insights

Podcast series “KPMG Law on air”: Company pension schemes in times of inflation

In times of inflation, both employers and beneficiaries worry about how the devaluation of money will affect company pension plans (bAV). Pension commitments are generally…

Contact

Claudia Endter

Marketing Manager

Klingelhöferstraße 18
10785 Berlin

tel: +49 30 2068 1271
cendter@kpmg.com

© 2023 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.

 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

Scroll