Warehouse and supply chain management software specialist Principal Logistics Technologies continues to bolster its growth plans during these challenging times with the acquisition of Dublin-based Brentech Data Systems. Principal Logistics Technologies has purchased the entire share capital of Brentech Data Systems which includes its intellectual property rights.
Peter Flanagan, Principal Logistics Technologies’ founder and managing director, commented “I am excited that our longstanding experience in deploying warehouse management software technology into the healthcare supply chain sector, as well as into a range of other sectors, will be increased by this strategic acquisition. I am also impressed with the power, scalability and functionality of Brentech’s AWARDS-BA³ technology platform, and by the fact that our mutual technologies utilise both the Progress OpenEdge and Microsoft .Net platforms and skillsets. This provides continued and assured customer support and also grows our already strong OpenEdge and .Net knowledge pool.”
Flanagan continued, “In-DEX WMS technology supports single-site operations, SME and multinationals with complex multi-site, end-to-end, supply chain operations across multiple industry sectors. AWARDS-BA³ offers complex sales and purchase order processing functionality needed by pharmaceutical and healthcare product distributors. It also offers the capability of managing automated and robotics-based warehousing systems. We look forward to adding these products to our portfolio as well as enhancing our pharmaceutical and healthcare supply chain sector expertise. We are now a team of over 30 professionals delivering solutions to businesses across the UK, Ireland, Europe and Australasia.”
John Brennan, Brentech Data Systems founder commented, “We developed our blue-chip client base over many years and a key issue in considering the sale to Principal Logistics Technologies was the assurance of ongoing high levels of professional support to our valued customers. Additionally, we’ve a great team and we needed assurance that our highly-trained resources remained in place to support our customers. I’m comfortable in the knowledge that both our customers and team are in good hands.”
Luke Mooney of Duff & Phelps acted as financial advisor to Principal Logistics Technologies. Lorcan Tiernan and Conor Keaveny of Dillon Eustace provided the company with legal advice. Tax advice was provided by Bernard Doherty of Grant Thornton. Financing was provided by The Firmament Group and Harwood Private Capital.
Press release distributed by Pressat on behalf of Principal Logistics Technologies Ltd., on Wednesday 13 January, 2021. For more information subscribe and follow https://pressat.co.uk/