MARKHAM AND OAKVILLE, Ont. — Headwater Technology Solutions Inc., a supply chain software solutions, services and consulting enterprise, has purchased Oakville-based Freight Logix Inc., a transportation management systems company, the second such acquisition the company has made since the beginning of 2005.
It was announced by Headwater chairman and CEO, Markus Luft, and Freight Logix president, Mel Mills.
As with the earlier acquisition, the Freight Logix staff will become Headwater employees, with Mills assuming the position of vice president, freight management systems.
“This was an ideal acquisition for Headwater,” Luft said. “It fits perfectly into our growth strategy, which encompasses both organic and acquisitional growth. Headwater is committed to aggressively pursue sales in the Transportation industry and continue the development of the Freight Logix solution for the entire logistics marketplace. This acquisition leaves Headwater with a significantly stronger overall logistics offering, and presents both the logistics management and transportation management business disciplines with excellent new sales prospects as well as opportunities to upgrade existing customers with solutions from Headwater’s expanded capabilities.”
“Joining with Headwater provides opportunity for the continued development of the Freight Logix TMS solution and provides additional professional services to meet our customers consulting and support requirements,” Mills said. “Not only do we gain access to seasoned consulting, marketing, finance and administrative staff, but also a whole new marketplace for additional growth and expansion. We are very excited about the opportunities this acquisition presents to our staff, our customers and our partners. It is a win-win situation for everyone.”
“Freight Logix and Delfour have been working closely in a partner relationship for several years, and have already integrated the two solutions” said Joe E. Couto, senior vice president of Headwater. “The integration challenges have been met, so new implementations, upgrades and replacements can proceed quickly and efficiently. There are enormous benefits to be realized by our customers through the synergy of the two systems.”
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