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November 7, 2005

Kewill enhances software range with Interchain buy

Supply chain software provider Kewill Systems Plc has paid 11.2m euros ($13.2m) cash for Interchain Holding BV, a privately owned company whose Chainware software is designed for multinational Logistics Services Providers.

By CBR Staff Writer

When Interchain’s 1.2m euros ($1.4m) cash balance is taken into account, Kewill said the cost of the deal falls to 10m euros ($11.8m).

Kewill said a combination of its existing international trade, shipping, and order-management software with Interchain’s supply chain offerings would create a powerful single source of software and services for end-to-end management of orders.

Zwijndrecht, the Netherlands-based Interchain has more than 100 employees and a 150-strong customer base that includes LPSs Fedex, TNT, UPS, Frans Maas, DHL, Texas Instruments, Philips, and Mitsubishi.

In its latest financial year to December 31, 2004, Interchain made profit before tax of 559,000 euros ($660,179) and had gross assets of 4.8m euros ($5.7m) at that date. Kewill expects the acquisition to be earnings-enhancing in the financial year to March 31, 2006.

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