Eyelit Technologies (Eyelit), a leader in optimized planning, scheduling, and execution systems for manufacturers, announced the acquisition of Adexa, a global provider of AI-driven supply chain and enterprise business planning solutions. This acquisition strengthens Eyelit’s ability to offer end-to-end smart factory solutions.
“We are thrilled to welcome Adexa to the Eyelit family,” said Joe Bellini, CEO of Eyelit. “Adexa’s expertise in AI-driven supply chain management enhances our ability to offer customers an integrated approach from planning to scheduling to execution. Together, we are uniquely positioned to help manufacturers optimize their factory and multi-factory operations.”
Adexa specializes in bridging the gap between stakeholders and optimizing supply chain management (SCM) through real-time insights and advanced planning technologies. By joining forces with Eyelit, Adexa will expand Eyelit’s proven track record in smart factory solutions to enhance its offering further, providing customers with a seamless and more comprehensive platform for manufacturing and SCM.
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Cyrus Hadavi, Founder and CEO of Adexa commented, “Joining Eyelit is a natural step in our mission to empower businesses with smarter, more agile planning solutions. By combining our strengths, we can offer manufacturers an unparalleled suite of tools that integrates planning, scheduling, execution, and real-time visibility, ultimately driving greater business performance.”
Banneker Partners (Banneker), Eyelit’s private equity partner, endorsed the acquisition as a strategic move to enhance the value of both companies. “This acquisition combines Eyelit’s AI-driven manufacturing solutions with Adexa’s capabilities, driving innovation and efficiency across the supply chain,” said Kenneth Frank, Board Member at Eyelit and Partner at Banneker. Harjot Sachdeva, Operating Partner at Banneker, added, “Integrating Adexa’s planning technologies with Eyelit’s smart factory solutions creates a new category, and we are excited about the value and growth this will unlock for customers.”
Adexa was advised and supported by Ashwini Gautam and the team from Marks Baughan, who served as the sole financial advisor and facilitator for this acquisition. “It has been a privilege serving Cyrus Hadavi, a leader and visionary in the supply chain planning space,” Ashwini Gautam said. “We are deeply grateful for the opportunity to collaborate with the team at Banneker, whose exceptional expertise and strategic insights in the supply chain and manufacturing space were instrumental to this transaction’s success.”
SOURCE: Businesswire