Dematic to acquire Reddwerks WES provider
Dematic, Grand Rapids, Mich., announced an agreement to acquire Reddwerks Corp., an Austin, Texas-based innovator of warehouse execution software (WES). 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.
“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,” says Ulf Henriksson, Dematic president and CEO. “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.”
“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,” adds Henriksson. “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.”
Reddwerks will operate as a subsidiary of Dematic under the tradename Dematic Reddwerks.
“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,” says Alex Ramirez, chief executive officer of Reddwerks.