IPS PICKS UP 55% STAKE IN SCANTRANS

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Singapore-based supply chain services major International Press Softcom (IPS) is acquiring majority stake in Chennai-based print and packaging firm Scantrans. IPS, listed on Singapore Stock Exchange, is picking up 55% stake in Scantrans for over $5 million (Rs 20 crore), reports Boby Kurian. IPS, with annualised revenue of over $130 million, is a significant player in the integrated supply chain services market across Asia-Pacific and counts high technology clients like Apple, Dell, HP and Intuit as its key accounts . Print and packaging and media replication figure prominently in its supply chain services play.

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