Quadient Acquires Beanworks

March 22, 2021

Quadient has signed a definitive agreement to acquire Beanworks, a Vancouver-based SaaS provider of accounts payable automation, for slightly above €70 million. The acquisition will give Quadient a majority stake (~96%) in Beanworks, adding AP automation capabilities to Quadient's software suite and enabling cross-selling across its global customer base.

Buyers
Quadient
Targets
Beanworks
Industry
Cloud & SaaS
Location
British Columbia, Canada
Transaction Type
Buyout

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