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Nexxus acquires stake in One Store from KT, LG Uplus

PRIVATESep 10, 2026about 4 hours ago

Acquiring Company

Nexxus Group

Acquired Company

One Store

BeverlySouth KoreaE CommerceGroceryRetailMobileGamingIosE CommerceMarketplace

Description

Nexxus has approved a third-party share sale aimed at enhancing its stake in One Store. Following a recent acquisition of an 89.03% stake, Nexxus plans to increase its ownership to 95.88% with new shares from KT and LG Uplus. The transaction signifies strategic partnerships for future expansion of Nexxus's platform business.

Company Information

Company

Nexxus Group

Location

Beverly, Massachusetts, United States

About

Nexxus Group’s technology facilitates scan-based trading and consignment selling between convenience, grocery, and big-box retail stores and their vendor partners.

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Predictive Intelligence
Strategic

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired One Store?

One Store was acquired by Nexxus Group, based in Beverly. The deal was reported on September 10, 2026. Nexxus Group’s technology facilitates scan-based trading and consignment selling between convenience, grocery, and big-box retail stores and their vendor partners. Nexxus Group is privately held and operates in E Commerce.

When did Nexxus Group acquire One Store?

Nexxus Group's acquisition of One Store was reported on September 10, 2026. Nexxus has approved a third-party share sale aimed at enhancing its stake in One Store. Following a recent acquisition of an 89.03% stake, Nexxus plans to increase its ownership to 95.88% with new shares from KT and LG Uplus. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does One Store do?

One Store is a native app market that facilitates the distribution of applications and games. It has been acquired to transform into a game platform focusing on blockchain and AI technologies. It is privately held, operating in Mobile, and is based in South Korea.

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