K3 is acquiring DdD, a Danish point-of-sale (PoS) solution provider, for up to €10m/£7.9m. The company is raising £12.8m (net) from the issue of 4.1m shares to fund the deal and future product development. The acquisition adds proprietary retail software and should be complementary to K3’s existing retail software solutions. The deal also expands K3’s presence in Northern Europe and offers cross-selling potential.
