Through its wholly owned subsidiary Friedman Corporation, Constellation Software, a provider of ERP solutions for the make to order and engineer to order market segment, has recently signed an agreement with Glaston Corporation for the purchase and sale of 100 percent of the shares in Albat+Wirsam Software GmbH ("A+W").
While Friedman Corporation provides ERP solutions for manufacturers and distributors of make to order and engineer to order products in the building products, capital equipment, and automotive sectors, the Friedman Operating group also provides software for transportation management, material optimization, supply-chain management, multi-channel merchandising and direct-to-consumer distribution.
Following the completion of the transaction, A+W business will become part of Constellation's Friedman Operating Group. A+W will operate as an independent division of Friedman, and will continue to develop, enhance, and market its glass and fenestration industry software solutions worldwide.
Headquartered in Linden (Rhine-Main area), Germany, A+W provides software for the flat glass industry. The company also develops and markets ERP, production planning and scheduling, as well as optimization software solutions for the glass, window, door, and curtain-wall industries.
The transaction is beneficial to both companies as it puts more of a strategic focus on the core businesses. While Glaston can focus on glass processing machinery and related services, Albat+Wirsam can focus on software development.
Mark Thompson, chief executive officer of the Friedman Operating Group, said in a statement, “The acquisition of Albat+Wirsam complements the Friedman Operating Group's markets and product portfolio. The Albat+Wirsam product offering will enable us to further grow our already-strong presence in the glass, fenestration, and building-products industries."
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Edited by Jamie Epstein