Generix Group, Industrial, Logistics and Retail Ecosystems provider with leading Collaborative SaaS Solutions, announces that it has acquired 100% of its subsidiary Generix Group Portugal.
On March 31, 2022, Generix Group acquired the 50% stake in its subsidiary Generix Group Portugal that was previously held mainly by the founding manager, thus increasing the company’s stake in this subsidiary to 100%.
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The outgoing manager will accompany this long-planned move as part of a transition period that will ensure optimal operating continuity.
Commenting on this acquisition, Jean-Charles Deconninck, Chairman of the Board, said: “Generix Group Portugal has been growing its business for the past 15 years thanks to its strong reputation in the B2B Integration markets (EDI, electronic invoicing) and to its development in recent years in the Supply Chain Execution market. This operation, in line with the Group’s international development strategy, anchors it in a key territory where it has also set up a European Shared Services Center since 2018.”
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