Tecsys Inc. a Montreal-based supply chain management software company, today announced its acquisition of PCSYS A/S, a Danish technology company. Founded in 1990, PCSYS is a leader in Europe when it comes to software and hardware solutions for warehouse management, transportation management, and labelling systems. The organization supports more than 1,000 companies on their journey to achieve supply chain excellence by using robust technology to manage ever-changing requirements and introduce new productivity and cost-saving strategies.
Tecsys has been building global momentum in new markets and industries in recent years, notably with the November 2018 acquisition of OrderDynamics. In addition to acquiring this leader in retail distributed order management software, Tecsys also launched a new brand identity and purpose in January 2019.
Tecsys purchased 100% of the shares of PCSYS for an aggregate purchase price of DKK (Danish Krone) 67.0 million (approximately C$13.7 million), subject to adjustments. Tecsys funded the purchase price with a bank term loan of C$12.0 million and existing cash. PCSYS had revenue and operating profit for its fiscal year ended September 30, 2018 of DKK 75.3 million (approximately C$15.4 million) and DKK 9.0 million (approximately C$1.8 million), respectively. Tecsys expects the acquisition to be immediately accretive to operating profit, based on PCSYS’ historical financial results.
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This entry was posted on February 1, 2019 at 7:49 pm and is filed under Commentary with tags Tecsys. You can follow any responses to this entry through the RSS 2.0 feed.
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Tecsys Continues European Expansion with Acquisition of PCSYS A/S
Tecsys Inc. a Montreal-based supply chain management software company, today announced its acquisition of PCSYS A/S, a Danish technology company. Founded in 1990, PCSYS is a leader in Europe when it comes to software and hardware solutions for warehouse management, transportation management, and labelling systems. The organization supports more than 1,000 companies on their journey to achieve supply chain excellence by using robust technology to manage ever-changing requirements and introduce new productivity and cost-saving strategies.
Tecsys has been building global momentum in new markets and industries in recent years, notably with the November 2018 acquisition of OrderDynamics. In addition to acquiring this leader in retail distributed order management software, Tecsys also launched a new brand identity and purpose in January 2019.
Tecsys purchased 100% of the shares of PCSYS for an aggregate purchase price of DKK (Danish Krone) 67.0 million (approximately C$13.7 million), subject to adjustments. Tecsys funded the purchase price with a bank term loan of C$12.0 million and existing cash. PCSYS had revenue and operating profit for its fiscal year ended September 30, 2018 of DKK 75.3 million (approximately C$15.4 million) and DKK 9.0 million (approximately C$1.8 million), respectively. Tecsys expects the acquisition to be immediately accretive to operating profit, based on PCSYS’ historical financial results.
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This entry was posted on February 1, 2019 at 7:49 pm and is filed under Commentary with tags Tecsys. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.