Investment Company to Acquire Elemica
WAYNE, PA/PARIS – Elemica, a cloud-based digital supply network for global process industries, announced its acquisition by Eurazeo, a global investment company listed in France. This new partnership with Eurazeo will support Elemica’s continued global growth and product line development, allowing the company to extend into new industry verticals with its expanding software product portfolio.
“Elemica is the leading provider of digital transformation solutions for the process manufacturers. This major new investment from Eurazeo will support our strategy of continuing to expand our reach into adjacent markets segments, while also allowing the company to broaden its product portfolio,” said Rich Katz, President of Elemica. “We will continue to invest in next-generation technologies, as we have seen how this focus ultimately benefits our clients, allowing them to quickly realize improvements to their bottom-line results as they deploy our game-changing solutions.”
"We are delighted to announce the acquisition of Elemica, which will join Eurazeo Capital’s U.S. investment portfolio alongside Trader Interactive and WorldStrides,” said Marc Frappier, Managing Partner of Eurazeo Capital. “Elemica is a key technology provider operating at the heart of the global process industries supply chain. The company has meaningful growth potential and aligns in all respects with Eurazeo’s investment strategy. We are convinced that with our support, expertise and international network, Elemica will accelerate its development in new industries, geographies and product offerings.”
John Blyzinskyj, CEO of Elemica added, “With Eurazeo’s partnership, we will be able to globally develop Elemica’s nearly 20-year vision of connecting the world’s leading process manufacturers to their direct material suppliers, logistics service providers, and customers. Our transatlantic operations and global ambitions make Elemica and Eurazeo very complementary partners, and we look forward to executing on our growth strategy together.”
Elemica has developed a broad set of cloud-based solutions that connect, automate, anticipate and digitally transform global supply chains. Elemica's patented digital network connects process-manufacturing enterprises with their supply chain trading partners.
Elemica is currently a portfolio company of Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors. Thoma Bravo acquired the company in 2016 from Elemica’s founding investors. Eurazeo Capital is expected to complete its acquisition of Elemica during the third quarter.