A Durham technology firm providing systems in warehouse management and logistics has been bought by a global software giant.
Indigo Software, which was founded in 1980 and based in Belmont Business Park in Durham, has been bought by Aptean Inc, which operates across a range of sectors and geographies from its base in Georgia, America. Indigo Software provides warehouse management and supply chain software solutions designed for manufacturers, wholesalers, distributors, retailers and logistics companies.
With industry expertise in the food and beverage, fashion, automotive and chemical sectors, its º£½ÇÊÓÆµ clients include Greene King, Puma, Regatta and Tommee Tippee. Aptean said the deal for the Durham firm would add new capabilities to its warehouse management and supply chain management services. The value of the deal has not been disclosed.
Duane George, president of EMEA and APAC at Aptean, said: “Indigo Software possesses over 40 years of experience delivering mission-critical warehouse management solutions across the United Kingdom. The Indigo Software platform delivers an integrated suite of purpose-built solutions designed to handle even the most complex warehousing operations. We are thrilled to welcome the Indigo Software team and customers.â€
Darren Baxter, CEO at Indigo Software, said: “Aptean shares our commitment to delivering best-in-class supply chain solutions. Together with Aptean, we are excited to offer our customers even more solutions to help streamline their warehousing operations.â€
Newcastle law firm Hay & Kilner LLP advised the Indigo shareholders and tax advice was provided by RSM’s Newcastle office. Aptean Inc was advised by Skadden, Arps, Slate, Meagher & Flom LLP and Deloitte.
Mark Adams, corporate partner at Hay & Kilner, said: “We were delighted to advise a longstanding client on this transaction, and it was an absolute pleasure acting for the Indigo shareholders - it’s fantastic to see the success of a North East company being recognised. The deal is yet another example of the region’s impressive output in the software sector and will, I’m sure, compliment and support Indigo’s and Aptean’s ambitious plans to deliver worldwide premier supply chain solutions.â€