TORONTO (Dec. 11, 2013) — Constellation Software Inc.'s Vela Operating Group has completed its acquisition of the business of ASA Automotive Systems L.L.C., a supplier of on-premise and cloud-based software products for tire dealers, auto repair shops and retreaders.
As a result of the acquisition, the company said ASA will operate as an independent division of Vela’s Friedman Corp. division and will continue to develop, enhance and market its software solutions and “provide high levels of customer support.”
Financial terms were not disclosed.
ASA Automotive Systems provides point-of-sale, e-commerce, order processing, accounting and business management solutions for both retail and wholesale tire and automotive organizations. The company claims its products “currently manage the sale of over 50 million tires” annually in the U.S.
Mark Thompson, CEO of Friedman, said “the acquisition of the ASA Automotive business complements Friedman’s markets and product portfolio. The ASA product offering will enable us to further grow our already strong presence in retail and wholesale supply chain operations.”
Ken Halle, ASA Automotive Systems’ president, said the company is “pleased to be joining the Constellation family.
“This transaction will give us access to a broad network of software professionals along with providing the support and security of a strong global parent company to enable us to continue growing and building the ASA software brand.”
Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU.” According to the company, it acquires, manages and builds vertical market software businesses. More information about Constellation is available on its website. www.csisoftware.com
The company’s Friedman unit, based in Deerfield, Ill., specializes in complete enterprise resource planning (ERP) solutions for manufacturers and distributors of “make to order” and “engineer to order” products in the building products, capital equipment and automotive sectors. Its Friedman Operating Group said it also has a complementary portfolio of software offerings for transportation management, material optimization, supply-chain management, multi-channel merchant and direct-to-consumer distribution.