Business
TECSYS forges a global market position - Acquires 27% of distribution partner
TECSYS forges a global market position - Acquires 27% of distribution partner.
About this update from Tecsys Inc.
[{"type":"text","content":"\n\n\n\n\nMONTREAL, Dec. 19 /CNW Telbec/ - TECSYS Inc. (TSX: TCS), an industry-\nleading Supply Chain Management (SCM) software company announced today that it\nhas acquired a major stake in TECSYS Latin America Inc. (TLA), a privately\nheld high-growth reseller of TECSYS' supply chain management software and\nother solutions in the region. With this transaction, TECSYS Inc. has become\nthe second largest shareholder of TLA, holding an equity position of 27%.\nTECSYS' presence currently spans the North American continent, and more\nrecently Europe, serving customers in Canada, the U.S., Spain, France,\nPortugal and Germany. With this transaction, TECSYS forges a global supply\nchain management partnership for both organizations, and provides them both\nwith a stronger market position in the region-substantially strengthening\ntheir competitive stance to serve global clients with the need for\nmultinational solution deployment, while at the same time providing them with\nthe localized customer services and support.\nDave Brereton, TECSYS' Executive Chairman and Co-CEO commented on the\ntransaction: \"With the increased globalization and offshore sourcing trend in\nsupply chain management, it has become evident that multinational solutions\ndeployment is a strategic asset to our competitive position. TLA, a long-\nstanding TECSYS partner, is a solid extension of our team and provides us with\nthe presence, expertise and market know-how in Latin America, strengthening\nour ability to win customers with global reach.\"\nTLA, a privately held high-growth company, has offices in Venezuela,\nColombia and Chile. The company has over 110 customers in 12 countries in\nLatin America and the Caribbean and is the exclusive reseller of TECSYS'\nsupply chain management software solutions for the region.\nTLA's customers include known multinationals such as Diageo, Procter &\nGamble, Cargill and Colgate Palmolive, as well as regional leaders, including\nVenezuela's largest agrochemical company, Agroislena; Colombia's leading dairy\nproducts company, Alpina; the region's largest retailer, Almacenes Exito; the\nregion's leading auto parts distributor, VenAmerican; Chile's leading beverage\ncompany, CCU; Puerto Rico's leading food service distributor, Matosantos; and\nthe region's leading third-party logistics providers, including Cealco and\n...