South West teams advise on software acquisition

Rob Starr

Kerridge Commercial Systems (KCS) has completed the acquisition of Vigo Software in a deal involving South West advisors.

Bristol-based Shaw & Co provided corporate finance advice to Vigo on the deal while Michelmores provided legal support.

Vigo designs, builds and implements software and technology solutions for the logistics, haulage, warehouse and pallet network sectors, providing Warehouse Management Systems (WMS) and Transport Management Systems (TMS) for over 200 clients across the UK.

KCS is a cloud ERP (enterprise resource planning and business management software provider with over 34,000 customers worldwide. From offices in the UK, Europe, USA, Africa, the Nordic countries and Australia, the company serves customers in 76 countries and has 1,300 staff worldwide.

Rob Starr, partner – M&A, Shaw & Co, said: “This is an extremely exciting deal for the sector and the perfect outcome for all stakeholders. It brings together two highly innovative companies that opens-up adjacent markets, geographies and revenue synergies.

“Thanks to a dynamic market sector and a management team keen to develop its SaaS platform, Vigo received strong interest from both trade and private equity. There were a number of exciting opportunities, with KCS ultimately presenting the right fit.”

Adam Kean, partner, Michelmores, said: “It’s been a pleasure working with John and the shareholders of Vigo throughout this transaction. We wish Vigo the very best success in the future as they work on the long-term development of the business alongside KCS.”

John Vickers, managing director of Vigo said: “I am delighted to announce our joining forces with KCS. Our combination represents an opportunity to provide greater value to our customers in terms of accelerating the pace at which we bring innovation and supply chain efficiency enhancing technology to our customers. For our team, this represents an exciting opportunity to grow together with the larger global organisation that is KCS.”

Ian Bendelow, CEO of KCS said: “We are excited to welcome Vigo Software to KCS. This acquisition represents a significant milestone in our journey to empower businesses to achieve significant improvements in the stocking and shipping of goods to their customers. With this acquisition we underscore KCS’ commitment to innovation, best in class industry specific functionality and providing market leading solutions to the logistics market globally.”

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