The news has attracted the attention of major media outlets as well. The K2 Group has made another significant acquisition, purchasing a majority stake in Vision software, an established Olomouc-based developer of ERP software for manufacturing companies. But this is about much more than numbers – although the numbers themselves are impressive. Vision software has been on the market since 1992 and has successfully completed more than 500 implementations over its 34-year history. Its system is used by more than 300 clients, and with a team of around 40 employees, the company generates annual revenue in the high tens of millions of Czech crowns. Nor is the acquisition simply about bringing the K2 Group closer to CZK 800 million in annual revenue and supporting its ambition to exceed the CZK 1 billion mark within three years.
First and foremost, this is an important strategic move. Vision software is ideally positioned to serve small and medium-sized manufacturing companies with 10 to 50 users, for which K2 may currently be too robust a solution. As these companies grow, however, they will be able to transition smoothly to the more sophisticated K2 ERP system without unnecessary complexity.
Why is this acquisition taking place? While a significant number of Czech technology and software companies are gradually being acquired by multinational investment funds or foreign corporations, the K2 Group is taking a different path. Its long-term strategy is built on in-house development, extensive knowledge of the Czech industrial environment and sustainable strategic growth.
The acquisition of Vision software follows K2's previous successful investments – most notably its ownership partnership with SLUNO in 2022, a specialist in logistics and retail, and last year's acquisition of UNIBASE Software, a technology partner of Alliance HealthCare. “We don't want to build a company through rapid acquisitions at any cost. Our growth is driven primarily by the growth of our customers. The acquisition of Vision is a logical step for us because we have known each other for many years, share similar values and complement each other. Together, we are building a strong Czech player at a time when many technology companies are passing into foreign ownership,” explained Petr Schaffartzik, Chairman of the Board of the K2 Group.
The Vision brand is here to stay
For both existing and future Vision software customers, joining forces with K2 means greater stability and long-term certainty. The Vision software brand will remain fully intact. The company will continue to operate from its headquarters in Olomouc and retain its entire development and consulting team. Petr Klapka will remain the company's CEO. The Vision system is a proven solution for small and medium-sized manufacturing companies, with more than 500 successful implementations. As Vision customers grow and develop more complex corporate structures, K2 will be able to offer them a natural path towards the robust K2 ERP solution without the need to search for a new software provider.
“Vision will continue to operate under its own brand. It is an ideal solution for smaller manufacturing companies that need to manage production and orders efficiently. As these companies grow, a natural opportunity emerges to transition to the more comprehensive K2 solution. Together, the two companies will therefore be able to meet the needs of businesses ranging from smaller manufacturers to large industrial enterprises,” says Petr Klapka, CEO of Vision software.
Czech manufacturing and trading companies are facing increasing pressure to improve efficiency. The days when lower labour costs provided a competitive advantage are definitively over. Process automation, digitalisation of manufacturing, advanced logistics and the use of artificial intelligence (AI) are becoming essential to success. It is precisely in these areas that the combined expertise of K2 and Vision software can deliver the greatest added value to customers:
No. The development, support and implementation of the Vision system will continue without change. Customer contacts and the development centre in Olomouc will remain the same. At the same time, customers will benefit from the backing and long-term stability of a strong group.
The transaction and ownership integration are expected to be fully completed by autumn this year, no later than October 2026.
The K2 group aims to reach CZK 1 billion in annual revenue within the next two to three years and strengthen its position as a leader in the enterprise information systems market in the Czech Republic and Slovakia.
