Mergers and Acquistions News
Categories: IT Services & Consulting
June 15th 2010, 14:54PM
Logistics solutions firm Kewill has announced the acquisition of Minihouse, an IT software provider based in Benelux which specialises in automated customs compliance.
The first European software provider to adopt software-as-a-service (SaaS), Minihouse already serves a range of logistics companies that are expected to be a valuable addition to Kewill.
Paul Nichols, chief executive officer of Kewill, said the acquisition strengthens the firm's European customs offering and provides an expansion to its global trade coverage.
"Minihouse offers its products in a fully hosted environment and their SaaS business model is consistent with Kewill’s desire to offer its customers more flexible payment options, including monthly subscriptions and transaction based pricing," he added.
Under the terms of the deal, Ronald de Vries will be retained as managing director of Minihouse after the acquisition is completed.
Last month, Kewill was named as one of the top 100 logistics providers by Inbound Logistics, a trade magazine.
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