Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 13-Feb-2017

Esker, Inc., a worldwide leader in document process automation solutions and pioneer in cloud computing, today announced it has finalized the acquisition of e-integration GmbH, the Dsseldorf, Germany-based electronic data interchange (EDI) service provider. Eskers intent to acquire the company was first announced in October 2016.

Offering a suite of EDI services, e-integration covers a wide range of solutions for the automation of order management, e-invoicing, logistics, procurement and other business-critical processes. Its online platform currently connects more than 7,000 companies worldwide. The acquisition of e-integration will allow Esker to further grow and develop in Europes leading market, increase its revenue in the German market by more than 150 percent, and strengthen its customer base with 600 new active accounts, comprised of mid-sized industrial companies.

In 2016, e-integrations EDI business generated 3.28 million euros in total sales revenue, an increase of more than 13 percent over 2015, with pro-forma pretax profit estimated at 17 percent of sales.

Esker has also acquired a 20 percent share in e-integrations PROmitea business, a cloud-based application, which will continue to be managed by its majority shareholder. PROmitea helps companies automate procurement, sourcing and supplier relationships.

Go to previous page