Suche
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

13.06.2024 | Press releases

Handelsblatt and Best Lawyers honor KPMG Law Experts

Best Lawyers has once again identified the best commercial lawyers in Germany for 2024 exclusively for Handelsblatt. A total of 28 lawyers were honored by…

27.05.2024 | KPMG Law Insights

Agreement on ecodesign regulation: products to become more sustainable

After lengthy negotiations, the Council and Parliament of the European Union reached a provisional agreement on the Ecodesign Regulation on the night of December 5,…

22.05.2024 | KPMG Law Insights

The AI Act is coming: EU wants to get a grip on AI risks

For many people, artificial intelligence (AI) is the great hope for business, healthcare and science. But there are also plenty of critics who fear the…

17.05.2024 | KPMG Law Insights

Podcast series “KPMG Law on air”: When the family business is to be sold

Around 38,000 family businesses are currently handed over each year. In most cases, the change of ownership takes place within the family. But more and…

03.05.2024 | KPMG Law Insights

Doubts about inability to work? What employers can do

The certificate of incapacity for work (AU certificate) serves as proof of incapacity for work due to illness. However, only if the certificate meets certain…

27.03.2024 | KPMG Law Insights

EU Buildings Directive: life cycle greenhouse potential becomes relevant

On March 12, 2024, the EU Parliament approved the amendment to the EU Buildings Directive. The directive obliges member states and, indirectly, building owners and…

19.03.2024 | Business Performance & Resilience, KPMG Law Insights

CSDDD: Provisional agreement on the EU Supply Chain Directive

The EU member states agreed on the CSDDD, the EU Supply Chain Directive, on March 15, 2024. Germany abstained from the vote. Negotiators from the…

21.02.2024 | KPMG Law Insights, KPMG Law Insights

The Digital Services Act – what does it mean for companies?

The Digital Services Act (DSA) is a key component of the EU’s digital strategy and came into force on November 16, 2022. As a regulation,…

15.02.2024 | KPMG Law Insights

Data compliance management: How to implement it in practice

Part 3 of the article series “Professional tips for data compliance management”   The third part of this series of articles deals with data compliance

14.02.2024 | Business Performance & Resilience, PR Publications

Guest article in ZURe: Monitoring the implementation of the LkSG

The current issue of ZURe (p. 20 ff.) contains a guest article by KPMG Law Partner Thomas Uhlig (Head of General Business and Commercial Law),…

Contact

Claudia Endter

Marketing Manager

Heidestraße 58
10557 Berlin

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

© 2024 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