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AFS Technologies completes acquisition of Visicom

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Sharath Kumar
New Update

PHOENIX, USA: AFS Technologies Inc., the leading provider of integrated business software solutions for Consumer Packaged Goods (CPG) and Food & Beverage verticals, has completed the acquisition of Visicom, a leading provider of Retail Execution and Direct Store Delivery (DSD) solutions in Europe.

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The acquisition of Visicom provides AFS Technologies with a cost-effective European operating center located in Bratislava, Slovakia as well as the addition of Visicom owners, Jozef Sovcik and Macko Heliodor, to the company's senior management team.

Says Kurien Jacob, CEO of AFS Technologies: "The addition of Visicom to AFS provides enhanced functionality and additional operating efficiencies globally." According to Mr. Jacob, the addition of Visicom and its impressive roster of CPG clients represent a meaningful European expansion for AFS Technologies.

"We were looking for a partner who would complement us both geographically and product-wise. AFS is the perfect fit," noted Jozef Sovcik, CEO of Visicom. "The combination of AFS Technologies and Visicom will greatly expand the variety of mobility solutions and technology support available to the global supply chain."