Tungsten completes acquisition of OB10

Thursday 17 October 2013 00:53 CET | News

Tungsten has completed the acquisition of the UK-based global B2B e-invoicing network operator OB10 after trading it on the AIM market of the London Stock Exchange.

Tungsten raised GBP 160 mln through the placing of ordinary shares at the price of 225p per share.

Founded in 2000, OB10 is a global e-invoicing network headquartered in London, UK, with offices in Europe, North America and Asia Pacific.

Tungsten is an investment firm founded by Edmund and Danny Truell, focused on monetising the e-invoicing network by offering supply chain financing through their own bank.

In recent news, King Abdullah University of Science and Technology (KAUST), a Saudi Arabian graduate research university, has selected OB10 as its global e-invoicing provider.

For more information about OB10, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Tungsten, acquisition OB10, invoicing
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech