(Reuters) – British software firm Kewill Plc (KWL.L) said on Monday it was looking to expand geographically through acquisitions while still remaining in offer talks.
In May, the company received an approach that valued the software provider to freight forwarders, distribution firms and express parcel groups at 116.8 million pounds ($178.6 million). [ID:nSGE64D0DE]
Kewill said it traded in line with its own view since end-March and continued to get new customer contracts.
While the sales pipeline remained solid, the longer sales cycles were in line with the difficult economic environment, it added.
Shares in the company closed at 112.50 pence on Friday on the London Stock Exchange. ($1=.6541 Pound) (Reporting by Aditi Samajpati in Bangalore; Editing by Unnikrishnan Nair)