Breukelen, the Netherlands – September 13, 2023 at 1 PM CET – TIE Kinetix N.V. (“TIE Kinetix”) announces completion of the sale and transfer of the shares in TIE Kinetix Holding BV

TIE Kinetix N.V. announces the completion of the sale and transfer of shares in TIE Kinetix Holding BV  to SPS International, Inc. a wholly owned subsidiary of SPS Commerce Inc. for a consideration of  € 68.35 million in cash.

As from today, as part of the purchase agreement, TIE Kinetix N.V. will change its name into Titan N.V.

Addition on Sept 14, 2023
>> Learn more about what this means for our customers and prospects here: https://www.spscommerce.com/tiekinetix/ 

About TIE Kinetix

At TIE Kinetix, we help companies of all sizes achieve their digitalization goals. From 1% to 100% or anywhere in between, our cloud-native FLOW Partner Automation platform is designed to completely eliminate paper from the supply chain, enabling our customers to focus on three corporate initiatives that drive true organizational change: business process efficiency, compliance, and corporate social responsibility (CSR).  
 
We believe that digitalization (not digitization) is the future. We believe in conscious development, and we believe in moving ourselves and our customers forward. More than 2,500 companies have chosen TIE Kinetix to support their EDI, e-invoicing, and general digitalization projects, and we proudly facilitate the exchange of over 81 million documents through FLOW each year—the equivalent of 10,000 trees saved.  
 
Founded in 1987, TIE Kinetix is a public company (Euronext: TIE) with offices in the Netherlands (HQ), France, Germany, Australia, and the United States. For more information, visit www.TIEKinetix.com, and follow us on LinkedIn, Twitter, Facebook, Xing, and YouTube.