Basware acquires TNT Post’s Connectivity operations in the Netherlands

October 6, 2010  |  Electronic Invoicing

Basware Corporation has agreed on the acquisition of TNT Post’s Connectivity operations, which is a part of TNT Post’s electronic invoicing operations in the Netherlands.  TNT Post’s Connectivity operations has over 100 e-invoice customers and the estimated amount of annual transactions is close to 1 million.

The Connectivity e-invoice services of TNT Post’s customers will be gradually transferred to Basware’s e-invoice service.  The transfer is estimated to be completed by the end of 2010. Additionally 2 employees will join Basware in connection with the acquisition.

“This acquisition supports the business of Basware’s Automation services and expands our network in Central Europe. E-invoice penetration is growing in Europe and we continue to look for business opportunities there,” says Ilkka Sihvo, CEO at Basware Corporation.

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