Aldata Solution OYJ acquires UK Assortment Management Software Specialist Cosmic Solutions Limited
The acquisition will help retailers and manufacturers reduce waste and costs in the supply chain.
Aldata Solution Oyj has signed an agreement for Aldata to acquire all of the shares of Cosmic Solutions Limited, a specialist UK provider of category management software, helping retailers better respond to changes in customer demand, reduce waste, and increase shopper satisfaction.
“The acquisition of Cosmic represents the second step in our Integrated Category Management strategy following the acquisition of Apollo Space Management,” said Bertrand Sciard, President and CEO of Aldata. “Combined with our best of breed Retail Space, Replenishment and Supply Chain suites it will provide our customers with unique capabilities to plan and deliver accurately across multiple store sizes, and formats.”
“We are very excited to be joining a business with the same focus, dedication, and values that Cosmic has held for 18 years. Our long and trusted relationships with CPG suppliers reflect Aldata’s similar relations with global retailers,” said David Wilkins, Managing Director of Cosmic. “Together we can deliver new levels of effective category management optimized for both sets of customers.
Aldata is acquiring 100% of the issued shares of Cosmic Solutions Limited, a privately owned company, in the deal from its existing 8 shareholders. Cosmic Solutions Limited owns 100% of Cosmic’s subsidiaries in UK, France and USA. Cosmic has in total 25 employees, of whom 21 are based in the UK, 3 are based in France and 1 is based in US. In addition there are currently 4 subcontractors used for both sales and services work. As an independent company, Cosmic Solutions was responsible for sales and marketing activities, implementation and support services as well as product development.
Aldata is a global leader in the supply of integrated business solutions to organizations that serve the retail consumer and wholesale distribution markets. Aldata has an unparalleled 20-year track record of delivering targeted software projects that substantially improve our customers’ businesses, from supplier to shopper. Today, Aldata customers include 15 of the World’s 30 largest retailers, thousands of retail brands, and hundreds of national and regional chains. Aldata Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the identifier ALD1V. More at:www.aldata-solution.com
Cosmic Solutions, based near Nottingham, England, is a global specialist in consumer product category management, calculating the optimum mix of products to meet shopper, supplier and retailer objectives. Cosmic has an 18 year track record of improving category profitability for the world’s major consumer product companies and their retail partners. Today Cosmic products are used in over 30 countries worldwide. More at:www.cosmic-solutions.com
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