Announcement

As we start 2021, and look toward brighter days, LS Retail remains focused on how we can best support our partners and customers. In line with this commitment, I am very pleased to share with you exciting news.  

Aptos, a recognized market leader in retail technology solutions, today announced that it has entered into a definitive agreement to acquire LS Retail.  Aptos’ planned acquisition of LS Retail follows its announcement last year of its completed acquisition by affiliates of Goldman Sachs Merchant Banking Division. The new strategic ownership change paves the way for accelerated investments in product innovation and continued focus on global market expansion. Pending the deal’s culmination, which is expected in February 2021, LS Retail will operate as a standalone business unit within Aptos.    

The combination of Aptos and LS Retail will create a retail technology powerhouse that is uniquely equipped to support retailers across all tiers, verticals, and geographies with advanced and innovative unified commerce solutions. The joining of the two companies’ clients creates an unparalleled customer community whose collective breadth and depth of retail experience will be leveraged to share best practices for addressing retail transformation challenges and unique industry complexities.   

The pandemic has amplified or accelerated existing realities. Businesses always have, and always will be, dealing with change; they need solutions that provide visibility, knowledge, and predictable outcomes. Digitalization has become even more urgent than before, and the need for unified commerce solutions is more compelling than ever. This puts LS Retail and Aptos in a prime position to increase market share and help more customers around the world. We feel incredible optimism that Aptos, with its deep domain expertise in SaaS and omnichannel transformation for retail, has chosen to partner with us to accelerate our growth trajectory. We are excited about the journey that lies ahead for both us and our exceptional partner community. 

We strongly believe this will bring about only positive changes for our customers, our partners, and the LS Retail team, and hope you share our excitement about Aptos’ planned acquisition of LS Retail. If you would like to learn more, please read today´s press release or contact your LS Retail regional contact person.  

On behalf of the whole LS Retail team, I would like to personally thank you for your continued partnership with LS Retail, and emphasize our commitment to you now and into the future. 

Sincerely, 

Magnus Norddahl 
CEO & President, LS Retail