Dematic announces agreement to acquire Reddwerks
Dematic, a leading global supplier of integrated automated technology, software and services to optimize the supply chain, announced today an agreement to acquire Reddwerks Corporation, a leading innovator of Warehouse Execution Software (WES) that provides customers with real-time decision engines to optimize material and information flow in the supply chain. The acquisition, which is subject to approval by Reddwerks’ shareholders and other customary closing conditions, will enhance Dematic’s existing software suite and deliver additional value to Dematic customer solutions.
Ulf Henriksson, Dematic President and CEO stated, “The global supply chain needs to be flexible, responsive and agile, empowered to deliver goods to consumers on demand. Retailers and manufacturers need to be positioned to respond to this dynamic demand. The only way to effectively achieve responsive order fulfillment is through an automated supply chain, powered by comprehensive real-time software. Traditional batch processing cannot sufficiently respond to either the operational variability or the speed required.” Henriksson continued, “The union of Dematic and Reddwerks will enable customers to accommodate ever-changing business requirements by enhancing automation technologies with ‘On Demand’ software solutions that dynamically optimize warehouse and distribution functions.”
Henriksson added, “We are delighted with the prospect of Reddwerks joining the Dematic family, which will allow us to offer the marketplace a unique and unprecedented combination of automation and software that maximizes employee efficiency and minimizes customer investment. Reddwerks’ proprietary Distribution Science™ methodology, founded on operations research, and modular product suite offer customers a new level of performance and efficiency in today’s competitive supply chain.”
Headquartered in Austin, Texas, Reddwerks provides solutions for seamless order fulfillment that help drive customer return on assets. The company offers innovation, analysis and software solutions that result in demonstrable value to both new and existing supply chain facilities. Upon completion of the acquisition, Reddwerks will operate as a subsidiary of Dematic under the tradename Dematic Reddwerks and will continue to deliver the highest levels of quality solutions and services to Dematic and Dematic Reddwerks customers.
“Dematic is the industry leader in software and automation technologies for modern ecommerce, apparel, retail, and general merchandise supply chains. We are excited about the prospect of integrating our platform and our operational research-driven approach into Dematic offerings and delivering value to customers globally,” said Alex Ramirez, CEO, Reddwerks.
