EDP Plc, a supplier and developer of sales analytics, CRM and ERP software to businesses in the fasteners, fixings and industrial distribution sector, has been acquired by Kerridge Commercial Systems Ltd (KCS).
KCS develops software solutions that are widely used by distribution companies, of all sizes, in the construction product and automotive industries. The company has over 40 years of experience and is a recognised thought leader in trading and management technology.
Seen as a great fit by both businesses, the acquisition will deliver significant benefits to existing and prospective customers of EDP’s solutions – who will now be able to access a more extensive range of software products.
During the past eight years KCS has grown rapidly, both organically and through the acquisition of a number of businesses, to extend its geographical reach, add product capability and extend into adjacent vertical markets. The company now serves over 15,000 customers across Europe, South Africa and the United States.
“The acquisition of EDP is a great opportunity to accelerate our strategy. It brings us greater presence in the UK and an increased platform for growth in our traditional markets. EDP is a high-quality business with customer offerings that are highly complementary to KCS. We welcome EDP employees to the group and look forward to working with them,” commented Ian Bendelow, chief executive officer of Kerridge Commercial Systems.
Sir Michael Heller, non-executive chairman of EDP, commented: “The EDP and KCS businesses have been good competitors for many years, addressing the needs of customers in the same vertical markets. Accordingly, the EDP directors believe KCS’ activities provide a strong fit with those of EDP and that KCS is an appropriate partner to continue the development of the EDP business. The additional resources KCS will bring will mean it is well positioned and resourced to support EDP and its customers, as well as grow the business in the future.”
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