K3 Aquires Three Companies in December
UK-based ERP and supply chain software provider K3 has acquired Retail Systems Group Ltd (RSG), a provider of Microsoft Dynamics RMS to retailers in the UK and Ireland for £1.28 million payable in cash on completion, with an additional payment of approximately £1.5 million in respect of surplus cash in the business at completion.
With the acquisition K3 has access to market for smaller retailers, complementing its existing mid-range retail software offering. RSG's managed service division will also further expand K3's own growing managed services division, according to the company. RSG has approximately 200 customers, including Aston Martin, Highgrove House, Triumph and the National Portrait Gallery.