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.
Tecsys and SVT Robotics partner to simplify warehouse robotics deployment
Posted in Commentary with tags SVT Robotics, Tecsys on December 6, 2022 by itnerdTecsys Inc., an industry-leading supply chain management software company, and SVT Robotics Inc., a leader in enterprise software for the rapid deployment of industrial robotics, have partnered to develop and launch an out-of-the-box integrated connection between the Tecsys’ Elite™ supply chain platform and SVT’s SOFTBOT® Platform. The integration will provide Tecsys Elite™ customers faster deployment and lower complexity without the need for lengthy custom code development often involved in multi-system automation and robotics deployments.
SVT Robotics is an enterprise software company that is revolutionizing robot deployments in the warehousing and manufacturing industries. With certified connectors to many of the industry’s foremost automation providers, and partnerships with companies such as 6 River Systems, Fetch Robotics (Zebra Technologies), Locus Robotics, MiR, OMRON, OTTO Motors and many more, SVT’s SOFTBOT Platform enables companies to deploy the robots, automation, and IoT devices they need in just days or weeks.
Tecsys contends that bringing automation into a warehouse should begin with a needs assessment and design plan, which then informs hardware selection that will meet those needs. Whereas some software vendors operate as automation resellers for a limited set of systems, Tecsys’ partnership with SVT empowers supply chain organizations to assess, design and integrate across a wide spectrum of automation choices. The result is a warehouse operation powered by end-to-end WMS functionality and easily automated workflows using today’s most innovative technologies.
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