UK acquisition catapults Four Soft to world''s largest transport logistics IT company

Mumbai: Four Soft Limited (4S) a leading provider of transportation, logistics and supply-chain process management software solutions to large enterprises, is set to become the world's largest transportation logistics company.

Listed on the BSE (company code: 532521) and the NSE ("FOURSOFT"), the enterprise solutions company has entered into a share purchase agreement through its Netherlands-based wholly owned subsidiary, Four Soft BV, to acquire 100 per cent shares of the UK-headquartered Transport & Logistics Software solutions major, DCS Transportation and Logistics Solutions.

Under the terms of the agreement, which was approved by the companies' boards of directors, the cumulative purchase consideration will be approximately $19 million. ICICI Bank UK has part funded the transaction through debt the entire debt funding of the transaction.

The UK company has operations in the UK, the Netherlands, the US, France and Germany. With its acquisition, Four Soft has acquired most of the world's top 20 transport and logistics providers and more than doubled its client base to over 250 in 75 countries. It has its software development centre in HITEC city, Hyderabad,

Speaking on the acquisition, Srikanth Palem, CEO & MD, Four Soft Ltd. says, "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."

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 recognised by DCS as well in its product roadmap. We believe there is strong win-win for our shareholders, customers, partners and employees."