Logistics supplier acquires software maker
A global maker of logistics equipment and software with a large local presence has acquired a developer of maintenance-management software in Bigfork, Mont. to expand its cloud-based portfolio.
Luxembourg-based Dematic Group, which operates its North American headquarters in Grand Rapids, said this morning that it has acquired Upturn Solutions. Terms of the deal were not disclosed.
Upturn Solutions’ flagship product, Sprocket CMMS, is a "computerized maintenance management system" designed to streamline and automate maintenance processes in manufacturing, warehouse and distribution environments, according to a Dematic announcement.
The maintenance software is marketed as a low cost, subscription-based service “designed by maintenance people for maintenance people,” which doesn’t require a “large upfront investment.”
Upturn Solutions, founded in 2003, has more than 500 implementations and more than 10,000 users.
Dematic has implemented more than 5,000 integrated logistics systems.
Upturn Solutions’ Bigfork office will continue operations, including research and development, sales and service.
Dematic said the acquisition expands its software porfolio into distribution center workflow, asset and inventory management and preventative maintenance.
“The acquisition of Upturn Solutions supports our strategic mission to provide our customers with the critical business intelligence required today to streamline and automate their processes to improve workflow,” said Ulf Henriksson, president and CEO at Dematic Group. “The integration of CMMS into our software offering will further enhance our ability to deliver robust order-fulfillment solutions.”
John Baysore, president and CEO at Dematic North America, added, “Our acquisition of Upturn will allow Dematic to closely integrate and leverage the benefits of a streamlined maintenance-management tool with our material handling knowledge at a very affordable price.”
Dematic employs more than 4,000 people.