TIE Kinetix N.V.
TIE.AS
Euronext Amsterdam31.80
EUR
+0.20
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TIE Kinetix N.V.
TIE.AS
(Euronext Amsterdam)
Recent
price
31.80
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- TIE Kinetix N.V. (Euronext: TIE.AS) develops, markets, and supports cloud-native Software as a Service (SaaS) solutions for supply chain digitalization, including its flagship FLOW Partner Automation platform that enables seamless electronic exchange of business documents, data, and messages between trading partners. The company offers core products and services such as Electronic Data Interchange (EDI) for automated order processing, invoicing, and shipping notifications; e-invoicing compliant with European regulations; integration with over 400 ERP, e-commerce, accounting, warehouse management, and shipping applications; supply chain analytics and optimization tools; and partner onboarding services to eliminate manual processes and support business interoperability across industries like retail, distribution, manufacturing, government, and semi-government sectors. TIE Kinetix serves approximately 1,200 customers, primarily in Europe and North America, with target markets encompassing businesses seeking efficiency, regulatory compliance, and corporate social responsibility through paperless supply chains. Founded in 1987 and headquartered in Breukelen, Netherlands, with subsidiaries and operations in France, Germany, the United States, the United Kingdom, and Australia, the company operates through segments including TIE Netherlands, TIE United States, TIE France, TIE Germany, and product development. In a major strategic development completed on September 13, 2023, TIE Kinetix sold its entire business and operations to U.S.-based SPS Commerce, Inc. (NASDAQ: SPSC) for approximately EUR 64.5-68.35 million, enhancing e-invoicing capabilities, expanding SPS's European footprint, and integrating TIE's 1,000+ customers into SPS's global network of over 120,000 trading partners across 80+ countries. This acquisition leverages TIE Kinetix's strong position in mandatory European e-invoicing markets (B2B and B2G) amid regulatory growth, while providing TIE customers access to superior integrations, third-party logistics connectivity, item data management, and advanced analytics without disrupting existing solutions or pricing. Post-acquisition, TIE Kinetix operates as part of SPS Commerce, accelerating supply chain digitization for its former standalone customers now within the world's largest retail network.