Breukelen, the Netherlands – September 13, 2023 at 1 PM CET – TIE Kinetix N.V. (“TIE Kinetix”) announces completion of the sale and transfer of the shares in TIE Kinetix Holding BV

TIE Kinetix N.V. announces the completion of the sale and transfer of shares in TIE Kinetix Holding BV to SPS International, Inc. a wholly owned subsidiary of SPS Commerce Inc. for a consideration of € 68.35 million in cash.

As from today, as part of the purchase agreement, TIE Kinetix N.V. will change its name into Titan N.V.

About TIE Kinetix
At TIE Kinetix, we help companies of all sizes achieve their digitalization goals. From 1% to 100% or anywhere in between, our cloud-native FLOW Partner Automation platform is designed to completely eliminate paper from the supply chain, enabling our customers to focus on three corporate initiatives that drive true organizational change: business process efficiency, compliance, and corporate social responsibility (CSR).

We believe that digitalization (not digitization) is the future. We believe in conscious development, and we believe in moving ourselves and our customers forward. More than 2,500 companies have chosen TIE Kinetix to support their EDI, e-invoicing, and general digitalization projects, and we proudly facilitate the exchange of over 1 billion documents through FLOW each year—the equivalent of 100,000 trees saved.