Friday 21 January 2022

Atlanta, US-based retail- and petroleum-focussed management software provider PDI has acquired UK-based financial technology company Universe Group plc, to support UK convenience retailers in driving efficiency into their operations, the company said.

Terms of the transaction were not disclosed.

The transaction includes the acquisition of Universe Group entities htec and Celtech.

This latest investment in the UK and Ireland further expands PDI's international growth, with an emphasis on strengthening the enterprise productivity business since entering the global Point of Sale market in 2021.

In addition to increasing its vertical stack solution offering, PDI will increase its regional presence as Universe Group employees join the global PDI organisation.

Berenson and company and VSA Capital Ltd. served as financial advisors to PDI in connection with the transaction.

Professional Datasolutions, Inc. (PDI) software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision-making.