UK-based Kewill Systems plc which specialises in global supply chain execution software and services, has announced the acquisition of Singapore- based IT solution provider IPACS e-Solutions (S) Pte Ltd, for an initial consideration of S$5.5 million (£1.85 million) in cash.

In addition, at various dates in the 24 months following completion, up to S$4.5 million (£1.55 million) will be payable in cash as deferred consideration subject to the attainment of performance criteria related to revenues.

IPACS e-Solutions which is a division of IPACS Asia Pte Ltd, an IT solution provider for the transportation and logistics industry in Asia, has offices in Singapore, Hong Kong and Shanghai.