The Access Group acquires Mintsoft Ltd.
The Access Group is looking to expand its Access Workspace Platform and broaden market interest in it following the acquisition of Mintsoft Ltd., an order and warehouse management solution provider for 3PLs and multi-channel retailers.
Access believes that current customers will benefit from the addition of order and warehouse management capabilities to Access Workspace, and that it will also help broaden its scope to additional markets, in particular for those businesses involved in dealing with the rapid growth of eCommerce in their industries.
More and more manufacturers, multi-channel retailers, logistics service providers and 3PLs are looking to benefit from more modern and automated order and warehouse management processes to increase fulfilment accuracy, while at the same time significantly reducing pick times and costly returns.
“In a recent study the warehouse order picking market was projected to be worth more than nearly £8 billion by 2025, with an estimated CAGR in excess of 10%, predicted across this period. With the order picking process reported to be in excess of 50% of the warehouse operating cost, even a small improvement in this area alone can deliver significant benefit,” said Chris Bayne, CEO, The Access Group. “While we already deliver solutions into specific areas of this market, we expect to be able to capture a significant share of the growth with the extended capabilities and broader market appeal that the Mintsoft solutions bring to Access Workspace.”