Four Soft Limited (4S) (NSE: "FOURSOFT" BSE: 532521), a leading provider of transportation, logistics and supply-chain process management software solutions to large enterprises, has entered into a Share Purchase Agreement (SPA) to acquire 100% shares of DCS Transportation and Logistics Solutions Ltd, a UK based Transport & Logistics Software solutions major, with operations in UK, The Netherlands, US, France & Germany. Under the terms of the agreement, which was approved by the companies' boards of directors, the cumulative purchase consideration will be approximately US$ 19 million. The acquisition of DCS gives 4S the size and reach of a global player and for all existing and potential customers a local partner to cater to their needs with strong local teams. This acquisition establishes 4S as the market leader with a large international client base including majority of the top twenty Transportation & Logistics companies of the world.
Speaking on the acquisition, Mr. Palem Srikanth, MD & CEO, Four Soft Ltd. said, 4S offers the next generation technologies and products with a strong development centre in India. DCS has excellent domain knowledge and established customer base for existing products. This acquisition presents the combined customer base a reliable migration path forward and global support for a comprehensive range of products and services in Transportation and Logistics.
The combined customer base will expand from 120+ to 250+ and the range of products will encompass the complete Transportation & Logistics domain catering to 30,000+ users spread across 75 countries.
On the occasion Mr. Stephen Yapp CEO of DCS Transport and Logistics Solutions Ltd said All industry indicators point to the inevitable movement towards comprehensive solutions on advanced technologies for this industry which has been recognized by DCS as well in its product roadmap. This acquisition will aide to speed up this process with 4S benefiting from the large visibility and customer base that DCS enjoys in this industry today and we believe there is strong win-win for our shareholders, customers, partners and employees.