Adumo Buys Point-Of-Sale Company Gaap
South African fintech company adumo has acquired point-of-sale company Gaap for an undisclosed amount. As part of the deal, Adumo will take a majority shareholding in Gaap, which will become an Adumo company but will continue to operate independently under its existing brand.
Gaap specialises in providing products to the hospitality industry, including point-of-sale hardware and software, drive-thru systems for quick-service restaurants, digital menu board solutions and online ordering solutions including all relevant customer support.
The company has grown into the leading African hospitality point-of-sale provider, with customers that include KFC, McDonalds, Burger King, Nandos, Chicken Licken, Hungry Lion, Wimpy, Krispy Kreme, King Pie, Simbisa Brands and Costa Coffee, which is about to enter the African market.