Deal set to see both companies boost their field services management platform prowess
On 16 October, SmartTrans announced it would acquire the unlisted cloud-based logistics software company for $16.6 million in an all-scrip transaction.
According to SmartTrans, Resource Connect’s iCuro platform has “strong synergies” with its existing supply chain solutions for transport and field services operations.
“The combined entity will offer clients an outstanding suite of planning, management and tracking solutions,” the company told shareholders.
The proposed acquisition will add Resource Connect and its patented iCURO cloud logistics management platform to SmartTrans' supply chain management division.
The deal is expected to give SmartTrans the capacity to tap significant additional contracts by expanding into new sectors, such as aged care and health, by offering clients an unparalleled suite of planning, management and tracking solutions.
https://www.arnnet.com.au/article/628632/aussie-software-vendors-strike-17m-merger-deal/?fp=2&fpid=1
More OPPORTUNITIES to increase revenue, market share and new sector penertration (Aged Care/Hospitals/etc),
NEW BOD is declaring it's determination (and PLAN/STRATEGY) to succeed!
This sector ... (Digital Telematics) ... is a GLOBAL opportunity and still in it's infancy as a disruptive technology.
Cheers
GLTA who 'read' the previous ANN and understood the opportunity to BUY ... and still more NEWS to come if we interpret that ANN correctly?
$17M merger deal
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