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Givex Signs Acquisition Agreement with Kalex

Posted by Darius Sokal

Givex is thrilled to announce that we've signed a definitive agreement to acquire all the shares of Kalex Equipment Services (“Kalex”).

Kalex, based in Toronto, is an IT service and consulting business that specializes in physical and digital retail enablement and has delivered over 600,000 point-of-sale lanes across North America since 1980. With 115 technicians across Canada and resources across the US, Kalex is experienced in delivering technology services to retail and hospitality clients.

The acquisition of Kalex enhances Givex's ability to install and service point-of-sale systems across Canada, and provides us with opportunities to upsell our omnichannel platform to some of the largest brands in the country.

The transaction is expected to close during the week of Jan. 24, 2022, upon the satisfaction of certain conditions in the agreement.

A link to the press release is available here.

Givex (TSX: GIVX) is a global fintech company providing merchants with customer engagement, point-of-sale and payment solutions in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world’s largest brands, comprising approximately 96,000 locations across more than 100 countries. Learn more at givex.com.

Topics: News, GIVX, TSX, Investor Relations, acquisition