JDA Software has acquired global supply chain software provider i2 Technologies for an enterprise value of around £182 million ($346 million) as it tries to strengthen its position in the supply chain and optimisation market.
The combined company has annual revenues of £335 million ($635 million) from manufacturing, wholesale distribution, retail and services industries.
Once the takeover is complete JDA predicts annual cost savings of some £11 million ($20 million) thanks to synergy in operations, administration and infrastructure.
Hamish Brewer, chief executive officer of JDA, said: “By acquiring i2 we double our addressable market in manufacturing to include discrete manufacturing, complementing our current market leadership in process manufacturing and strengthening our retail and transport management presence.”
JDA bought Manulogistics in 2006. Brewer added that the addition of i2 is “comparatively an incremental and logical step” for the company.