Private equity firm Alpina has invested in Syncos, which provides software systems for manufacturing firms.
Syncos is based in Germany and was founded in 2014 as a spin-off from Innotec Systemtechnik.
The company provides Manufacturing Execution Systems which include production and machine data acquisition, advanced planning and scheduling and track-and-trace as well as computer-aided quality assurance. The current version of the software combines production and quality management in a highly integrated, modular system.
Alpina invested in Syncos via a holding company which already holds shares in Enterprise Resource Planning (ERP) companies Oxaion and Cimdata Software, so the business will become part of a larger group which will be able to provide customers with broader range of services compared to traditional ERP providers. The group plans to make further strategic add-on acquisitions.
Dr. Florian Strehle, Partner at Alpina, said: "From the very beginning, Alpina's consolidation strategy has focused on software products for the manufacturing midmarket. This does not only include the ERP layer, but also the shop floor. Syncos enables the group to provide the customer with as much functionality as possible in order to meet the requirements of a modern production system."
Stephan Rohleder, founder of Innotec Systemtechnik and Syncos, added: “The decision for the right partner for Syncos was not an easy one. In the end, we decided to go with Alpina since we are convinced that the existing group is a good home for Syncos’ further development – several independent software companies with the same customer focus but complementary products all targeting the production space".