Circle acquires Progetto Adele
Circle, which specialises in the analysis and development of automation and digitalisation solutions for the port sectors and intermodal logistics, has defined the terms of the acquisition of 100% of the share capital of Progetto Adele, a software house specialising in logistics and distribution.
"We are extremely satisfied with today’s agreement, which completes the range of vertical solutions in the supply chain, covering the freight forwarder and logistics segments,” Luca Abatello, chairman and CEO of Circle, stated.
“These products, integrated with our innovative tracking, internet of things and intermodal transport solutions, ensure enormous efficiency, costs reduction and an increase in performance as required by the major international importers and exporters, with regards to supply chain visibility. Furthermore, the transaction has been concluded with excellent economic and financial terms and conditions thanks to synergies and the potential to create value recognised by the target company.” (mw)