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New Deal


Announced

Procurant to acquire SureCheck from ParTech.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

United States

Pending

Private

mobile

Friendly

Majority

Software

Technical analysis

Synopsis

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Procurant, a Silicon Valley technology company transforming the global food supply chain, agreed to acquire SureCheck, a food safety platform, from ParTech, which provides information technology services. Financial terms were not disclosed. With the addition of SureCheck’s suite of mobile food safety and task management applications and devices, Procurant now offers customers a uniquely comprehensive, operations-focused end-to-end food supply chain solution. The SureCheck suite is now part of a continuum of solutions that leverage a single, global platform designed for the unique requirements of the food industry. “The combination of SureCheck’s leading mobile food safety and task management products with Procurant’s food supply chain platform creates a solution unmatched in this industry. With food safety and visibility across the supply chain becoming ever more critical, Procurant’s innovative approach will help our customers move beyond simple homegrown systems of the past for better visibility, control and trust from farms to consumers.” Eric Peters, Procurant CEO.

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