Pivotree announces divestiture of warehouse management assets to Tecsys
Pivotree (PVTRF) announced the divestiture of select Warehouse Management System assets to Tecsys (TCYSF). The terms of the Transaction include a total Purchase Price of C$2.7M, set to be paid at closing. The assets sold in the transaction include customer contracts and Pivotree's proprietary Warehouse Management System software. Tecsys has also retained former Pivotree employees who will transition to support ongoing contract delivery and product development. No finder's fee was paid in connection with the Transaction.
