– Corporate Finance
– Technology, Media & Telecom
Kewill Systems plc (LSE: KWL) (“Kewill” or the “Group”), the leader in supply chain control solutions, announces the acquisition of Innovate IT Holding BV, a Dutch software company specializing in after sales service management, for an initial consideration of €8.25 million (£5.65 million) in cash and €2 million (£1.37 million) in shares.
Headquartered in the Netherlands, Innovate IT’s Service Logistics Solution (“SLS”) is used to manage the complex logistics and repair processes that exist in the after sales service supply chain to maximise service and minimise cost. Innovate IT has operations in Europe, North America and Asia-Pacific. Customers include OEM’s like HP, Palm, US Robotics and logistics service providers such as DHL, who handle the full logistics process on behalf of key clients.
Vondel Finance acted on behalf of seller.