Kerridge Commercial Systems completes the acquisition of MAM Software Group for $154m in cash.

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.