TeamSystem, a Pesaro, Italy-based technology company providing business management solutions for SMEs and professionals, acquired Distrito K, a La Coruña, Spain-based provider of ERP solutions for SMEs.
The amount of the deal was not disclosed.
With this transaction, TeamSystem, which invested over €180M in the country since 2021, will consolidate its offer in the software solutions market for SMEs and professionals in Spain, where it already has a strong footprint thanks to the acquisitions of Software Del Sol, Billin, Acumbamail, Aplifisa and Asesor Excelente. The deal also enables TeamSystem to enter the mid-market segment and to strategically reinforce its presence in the north of the country.
Distrito K is a provider of ERP solutions for SMEs, delivering services to 3,600 medium-sized companies that use its business management software. The company has developed in-house a broad portfolio of both horizontal and vertical solutions spanning a wide range of industries in the Spanish market. Among others, Distrito K has designed an ERP system that enables a high level of customisation thanks to advanced built-in scripting programming language, compatible with mobile devices and eCommerce applications.
Led by CEO Federico Leproux, TeamSystem is a technology company advancing and providing business management solutions for SMEs and professionals. The Group accompanies its customers in the digital transformation of the entire supply chain with a series of solutions, some of which are based on AI technologies, for business management, eCommerce and marketing automation.
FinSMEs
18/09/2024