Announced
Completed
Financials
Sources
Tags
United Kingdom
software development
Software
Public
Acquisition
automotive software
Friendly
Single Bidder
Completed
Majority
Synopsis
Kerridge Commercial Systems, which provides specialist software, has completed the acquisition of MAM Software Group, a leading global provider of cloud-based business and on-premise management solutions for the auto parts, tire, and vertical distribution industries, for $154m in cash. The purchase price represents a 14% premium over the closing price on August 30, 2019. "This all-cash transaction provides MAM Software's stockholders with a premium over the pre-announcement market price of their shares, and we believe it will allow our team to increase our focus on long-term success that will benefit customers, employees, and partners. Together with KCS, we can offer a broader portfolio of solutions to our customers globally," Mike Jamieson, MAM Software CEO.
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