Dematic, a global leader in automated technology, has agreed to acquire Reddwerks Corporation, a leading innovator of Warehouse Execution Software (WES).
Reddworks provides customers with real-time decision engines to optimise material and information flow in the supply chain.
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.
Ulf Henriksson, Dematic President and CEO said: “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.”
Mr Henriksson said the union of Dematic and Reddwerks would enable customers to enhance automation technologies with ‘On Demand’ software solutions that “dynamically optimise warehouse and distribution functions.”
This would allow Dematic to offer a unique and unprecedented combination of automation and software that maximises employee efficiency and minimises customer investment.
Reddwerks' proprietary Distribution Science methodology and modular product suite offer customers a new level of performance and efficiency, Mr Henriksson said.
Headquartered in Austin, Texas, Reddwerks provides solutions for seamless order fulfilment that help drive customer return on assets.
The company offers innovation, analysis and software solutions that result in demonstrable value to both new and existing supply chain facilities.
Upon completion of the acquisition, Reddwerks will operate as a subsidiary of Dematic under the tradename Dematic Reddwerks.
Dematic Pty Ltd
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