Dutch firm TIE Kinetix to sell business and operations to SPS Commerce in €68.35M deal

▤ Summary

Breukelen, the Netherlands-based TIE Kinetix, a supply chain digitalisation platform, announced on July 26 that it has entered into an agreement to sell its entire business and operations to SPS Commerce. The total purchase price for this transaction is €68.35M, subject to approval from shareholders. The deal involves TIE Kinetix selling all its issued and outstanding shares, including its subsidiaries and operations, to SPS Commerce. The transaction is subject to the approval of the shareholders of TIE Kinetix.

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