Foursoft buys Danish software company Transaxiom for $10 mn

Four Soft (4S), a software solutions provider for transportation and logistics vertical, acquired 100% of the Denmark-based Transaxiom Holding A/S, a global provider of transportation and logistics solutions for approximately $10 mn (around Rs. 45 crores). The transaction value will be in a cash-and-stock deal with the payouts happening over the next three years based on performance. The definitive agreement has been signed between the two companies. With this merger, Four Soft consolidates its leadership position within transportation and logistics industry. In addition, the merger will augment 4S’s current domain and technology competence and expand global presence in Scandinavia, Australia and Hong Kong markets (Source – Business Standard).