Dematic acquires Reddwerks to boost warehouse software offering
December 1, 2015
Dematic, a Georgia, USA, based supplier of integrated automated technology, software and services to optimise the supply chain, is to acquire Reddwerks, an innovator of warehouse execution software (WES) that provides real-time decision engines to optimise material and information flow in the supply chain.
The acquisition, which is subject to approval by Reddwerks’ shareholders and other customary closing conditions, should enhance Dematic’s existing software suite and deliver additional value to its customers.
“The global supply chain needs to be flexible, responsive and agile, empowered to deliver goods to consumers on demand,” said Ulf Henriksson, Dematic president and CEO. “Retailers and manufacturers need to be positioned to respond to this dynamic demand. The only way to effectively achieve responsive order fulfilment 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.”
He said the union of Dematic and Reddwerks would enable customers to accommodate ever-changing business requirements by enhancing automation technologies with on demand software that dynamically optimised warehouse and distribution functions.
“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 maximises employee efficiency and minimises customer investment,” he said. “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 software for seamless order fulfilment that helps drive customer return on assets. The company says it offers innovation, analysis and software that results 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 trade name Dematic Reddwerks and will continue to deliver software 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,” said Alex Ramirez, CEO of Reddwerks. “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.”
Dematic employs more than 5000 logistics professionals to serve its customers globally, with engineering centres and manufacturing facilities across the globe. It has implemented more than 4500 integrated systems for a customer base that includes small, medium and large companies doing business in various market sectors.