UK-based ERP and supply chain software provider K3 announced that it has acquired Sense Enterprise Solutions Ltd., a provider of Microsoft Dynamics AX ERP solutions to the manufacturing and distribution markets, for £1.2 million cash.

K3 said it was paying £350,000 out of respect of surplus cash in the business at completion of the acquisition and it will pay another £0.9 million based on certain performance criteria.  As part of the deal, K3 will acquire 40 Sense customers.