Yorkshire software company SSG Insight has been sold to a US-based firm.
Wakefield-based SSG Insight, a provider of software solutions designed to manage and optimise enterprise asset management, was acquired by Aptean Inc. for an undisclosed sum.聽
Aptean, which is headquartered in Alpharetta, Georgia and has offices in North America, Europe and Asia-Pacific, is a global front-runner of AI-driven ERP solutions, helping manufacturers and distributors effectively run and grow their businesses.
Founded in 1983, SSG provides Agility, a suite of solutions designed to manage complex challenges across global sites – including lifecycle management, workflow automation, condition monitoring, contract/vendor management and advanced analytics.
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Mike Edwards, CEO of SSG, said: 鈥淲e 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.聽
鈥淭he combination of our businesses offers an exciting opportunity for SSG鈥檚 future growth given our shared commitment to the long term success of our products and customers.鈥�
Jason Whitworth of BDO commented: 鈥淭he 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 鈥� both trade acquirers and PE-backed businesses looking for high-growth and dynamic targets.
鈥淲e are delighted to have advised SSG 鈥� a deal that further strengthens our position in the technology sector. The acquisition will immediately extend Aptean鈥檚 geographical footprint in enterprise asset management and will provide exciting growth opportunities for SSG.鈥�