Compello AS has agreed to sell its German subsidiary Compello Gmbh to US based DiCentral.
Alpha has acted as financial advisor to Compello and its owner Etrinell in the process.
Compello Gmbh is a Munich based software company specialised in Electronic Data Interchange (EDI) in the German market. Prior to the transaction, the Company was a wholly owned subsidiary of Compello AS.
Compello AS, the Oslo based software company, holds a leading position in the Norwegian Multichannel Invoice Distribution and Invoice Approval market, offering a SaaS platform for invoice handling in both ends of customers’ ERP system, from the creation of an invoice and through redemption.
DiCentral is a global leader in EDI and supply chain solutions. Headquartered in Houston, Texas, DiCentral is a PE-backed EDI specialist with locations across the US and Asia. Compello Gmbh represents DiCentral’s entry into Europe.