The UsedSoft companies in Singapore, Hong Kong and Cape Town were sold. The sale of these non-European subsidiaries represents a strategic course setting with which the UsedSoft Group is drawing the consequences from the extremely positive business development in Europe.
"While we have achieved encouraging sales growth at our sites in Asia and South Africa in recent years"
Peter Schneider, UsedSoft CEO and founder, explains the decision.
"But this growth lagged behind the strong gains in our European markets."
In fiscal year 2018, the UsedSoft Group had been able to increase its total sales by more than 48 percent compared to the previous year.
"Given the continued enormous growth potential in the European region, it is obvious that we are focusing on the markets where we know best and where we see the greatest potential."
The acquirer, an international group of investors, intends to consistently expand UsedSoft's software business in Southeast Asia and the South African growth markets. UsedSoft intends to invest these proceeds in further growth in the European core markets.
In addition to its headquarters in Switzerland and its home country Germany, UsedSoft maintains further sales offices in Austria, France and the Benelux countries.
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