|
GXS AND G INTERNATIONAL MERGER APPROVED BY UK COMPETITION COMMISSION
02 September 2005 - Global Exchange Services (GXS)
| GXS, a leading provider of business-to-business e-commerce solutions, today announced that the United Kingdom's (UK) Competition Commission has approved the acquisition of G International's UK business by GXS's majority shareholder Francisco Partners. As a result, GXS is now free to complete the merger of the UK businesses of GXS and G International. On August 1, 2005, GXS announced global completion of the merger with G International, subject to maintaining separate operations in the UK pending completion of the Competition Commission's inquiry. |
GXS, a leading provider of business-to-business e-commerce solutions, today announced that the United Kingdom's (UK) Competition Commission has approved the acquisition of G International's UK business by GXS's majority shareholder Francisco Partners. As a result, GXS is now free to complete the merger of the UK businesses of GXS and G International. On August 1, 2005, GXS announced global completion of the merger with G International, subject to maintaining separate operations in the UK pending completion of the Competition Commission's inquiry. 'We are happy with the findings of the Competition Commission, and look forward to working to maximize opportunities brought about by the merger of GXS and G International,' said Gary Greenfield, president and CEO of GXS. 'With the completion of the merger as of August 1, 2005, the company began operations as a single entity worldwide with the exception of the UK. As of today, we will be doing the same in the UK. We will work aggressively to allow our customers to realize the benefit of this combined, global leader in the B2B supply chain.'
http://www.gxs.xom
About: Global Exchange Services (GXS)
Global eXchange Services (GXS) is a provider of B2B e-commerce solutions that simplify and enhance business process integration and collaboration. Organisations employ the Global eXchange Services Trading Grid to balance supply and demand. |
More News:
• For September 2005
• From Global Exchange Services (GXS)
• For E-Commerce
|
