AI-driven enterprise resource planning group, Aptean, Inc, has acquired Yorkshire software company, SSG Insight.
“SSG has a proven track record with over 40 years of experience delivering mission-critical enterprise asset management solutions across the United Kingdom, Europe, Australia, and North America” said Duane George, President of EMEA and APAC at Aptean.
“SSG’s Agility product suite delivers robust software solutions specifically designed to manage complex enterprise asset management challenges and is backed by a team of seasoned industry experts. We are thrilled to welcome the SSG team and customers to Aptean.”
SSG, which was founded in 1983, provides Agility EAM (enterprise asset management) solutions, to manage complex challenges across global sites with a smart ecosystem of connected data.
“We are delighted to join a global organisation like Aptean, where together we can continue to develop and deliver innovative enterprise asset management solutions to the market,” added said Mike Edwards, CEO of SSG.
“The combination of our businesses offer an exciting opportunity for SSG’s future growth given our shared commitment to the long term success of our products and customers. Additionally, being part of Aptean presents our customers and our team with exciting opportunities for growth and development and we can’t wait to get started.”
SSG Insight is based in Wakefield and was advised by BDO’s Northern Corporate Finance team in the North of England.
No financial details have been disclosed, but in SSG Insight’s most recent accounts, for the year ended 31st December, it had a turnover of £5.9m, up from £5.7m the year before. Its profit before tax was £354k.
“The sale of SSG to a global leader is an excellent regional deal that not only demonstrates the opportunities that exist in the current market, but also the continued attractiveness of UK companies to overseas buyers – both trade acquirers and PE-backed businesses looking for high-growth and dynamic targets,” stated BDO’s Jason Whitworth.
“We are delighted to have advised SSG – a deal that further strengthens our position in the technology sector. The acquisition will immediately extend Aptean’s geographical footprint in enterprise asset management and will provide exciting growth opportunities for SSG.”
