- Würth confirms Intershop as the basis for its e-commerce strategy
- Joint development planned in B2B segment
Jena, Germany, March 2, 2016 – The Würth Group and Intershop Communications AG are extending their cooperation. As a world-leading brand in the assembly and fastening materials trade, Würth is planning to expand its already successful online business. In order to realize its ambitious plans, the company reviewed offers from providers in fall 2015 and chose Intershop for its concept and functional versatility. They then agreed upon a joint product development in the B2B segment.
Furthermore, a comprehensive license agreement concerning the use of the Intershop Commerce Suite was concluded. Its core, the Intershop Commerce Management B2X omni-channel solution, already contains a number of features optimized for business customers.
Würth IT GmbH has relied on Intershop technology for its own e-business since 2010. Based on it, Würth IT carries out online shop roll-outs within the Würth Group worldwide. To do this, the Intershop Commerce Suite was adapted to suit the needs of the Würth Group and, moreover, a methodology was created that enables e-business functionality to be efficiently integrated into each company. The e-commerce agency dotSource provides assistance with these implementations.
The Würth Group currently comprises more than 400 companies in over 80 countries and employs more than 69,000 people. According to the provisional financial statement, the Würth Group generated a turnover of EUR 11.05 billion in the 2015 fiscal year. Its core business, the Würth Line, boasts over 125,000 products for craft and industry operations – from screws, screw accessories, dowels, and tools, to chemical-technical products and occupational safety products.
In Germany, around 13 percent of the revenue was generated with e-business. Norbert Heckmann, spokesperson for the management of Adolf Würth GmbH & Co. KG, describes how he envisions making clients successful: “We connect distribution channels. We solve technical challenges and fulfill each customer’s individual needs. And we know that only continuous development makes a company attractive to its clients.”
Jochen Wiechen, CEO of Intershop, adds: “We are delighted with the continued trust the Würth Group places in our expertise and professionalism. After the recent refocussing of our company, we were able to demonstrate our strength in innovation and we will accompany Würth as a strong partner towards an e-commerce strategy of the future.”
About the Würth Group
The globally active Würth Group is a world market leader in its core business, the assembly and fastening materials trade. The Würth Group currently comprises more than 400 companies in over 80 countries and employs more than 69,000 people. 31,000 of these are permanently employed sales representatives. According to the provisional financial statement, the Würth Group generated a turnover of EUR 11.05 billion in the 2015 fiscal year. Adolf Würth GmbH & Co. KG is the German parent company and the largest individual company in the group. The company is a market leader in Germany and employs around 6,400 people. According to the provisional financial statement, the company generated a turnover of EUR 1.59 billion in the 2015 fiscal year. Around 13 percent of this was generated with e-business.
About Würth IT GmbH
Würth IT GmbH is an IT service provider belonging to the Würth Group. They offer custom IT applications and assistance in SAP, e-business solutions, cloud services, IT security, and IT compliance. They employ over 420 employees in seven locations in Germany, China, and India. Würth IT GmbH generated a turnover of around EUR 65 million in the 2015 fiscal year. As a part of the Würth Group, which comprises over 400 medium-sized businesses, the full service IT service provider helps numerous clients with their international projects both within and outside of the group.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Bosch, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.
Natalie Sutton/Silja Ingham
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