Tech players team up on UK expansion

An international specialist in digital transformation is eyeing the UK business services market after the acquisition of a B2B integration company. In a deal sealed in France, Weexa Group has acquired 30-year-old EDT to strengthen its support for customers keen to enhance the efficiency of their back-office systems.

Together, the companies will offer a wide-ranging solutions and consultancy portfolio focused on digitalisation, electronic invoicing and EDI (electronic data interchange). The move adds EDT’s 50 employees to Weexa’s 100-strong workforce spanning three continents and eight countries.

Both companies believe the alliance will enhance their overall capacity to deliver value to clients who want to outsource their EDI transfers for critical supply chain applications. Under the agreement, EDT retains its identity, brand, autonomy and strategic partnerships with the two world leaders in the EDI sector, IBM and OpenText.

Speaking at Weexa’s Grenoble office, Jean-Jacques Hirsch, founder of EDT, said: “It has often been said that EDI is outdated, when in fact there is still a lot to be done in this area. We see an increase in flows of 10-12% each year. The market is both sustainable and buoyant.

“This merger with the Weexa group is a great opportunity for our company to accelerate and grow in our markets across Europe including the UK and beyond. The complementarity of our offers now positions us as an important player in B2B, B2C and B2G flows in all sectors of activity.”

Weexa Group plans to build on the acquisition to extend its EMEA and APAC presence to the USA before the end of 2021.

Jérôme Fleury, President of the Weexa Group, said: “By integrating EDT into our group, we are strengthening our expertise in EDI with new types of services and new partners, in sectors that we did not address very much. This new subsidiary will allow us to address all the problems of the market, in an ever more structured and relevant way. With EDT, we cover the entire spectrum of the digitalisation of B2B streams.”

 

 

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