SPS Commerce completed the acquisition of TIE Kinetix for €65m.

Transaction Tags

• Netherlands
• Cross Border
• Friendly
• saas solutions
• Software
• Acquisition
• Majority
• Single Bidder
• Completed
• Public

Synopsis

SPS Commerce, a provider of retail cloud services, completed the acquisition of TIE Kinetix, a provider of SaaS solutions for electronic document exchange and supply chain automation, for €65m ($70m). “We are excited to join SPS Commerce and leverage TIE’s e-invoicing capabilities to capitalize on the opportunity presented by mandatory e-invoicing regulations across Europe. Our offering will complement SPS’ next generation EDI solution and competitively position the combined company across the B2B and B2G markets,” Jan Sundelin, TIE Kinetix CEO.

Sources