Aptean, a global provider of enterprise software solutions, has recently announced its definitive agreement to acquire Logility Supply Chain Solutions, Inc. Under the terms of the agreement, Aptean will acquire all of Logility's outstanding common stock for $14.30 per share in an all-cash transaction, representing a 27.0% premium to the January 23, 2025 Logility closing share price.
Logility, headquartered in Atlanta, Georgia, provides AI-powered, advanced supply chain planning solutions. Its solutions are used by over 500 clients in more than 80 countries, spanning various industry verticals including consumer durable goods, apparel/accessories, food and beverage, industrial manufacturing, fast-moving consumer goods, wholesale distribution, and chemicals.
The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions, including approval of the transaction by Logility's shareholders and receipt of regulatory approvals. Upon completion of the transaction, Logility will become part of a privately held company, and its shares of common stock will no longer be listed on the Nasdaq Global Select Market or any other public market.
Allan Dow, President & CEO of Logility, expressed excitement about the acquisition, stating that it represents a new and exciting chapter for the company. Dow emphasized Logility's mission to help organizations build sustainable, profitable supply chains that improve people's lives and the world we live in.
The acquisition is expected to provide strategic and financial benefits, including enhanced focus, access to resources, enhanced combined offerings, and maximizing shareholder and client value. Lazard is serving as the financial advisor to Logility, and Jones Day is serving as legal counsel. Orrick is serving as legal counsel to Aptean.
Aptean's CEO, TVN Reddy, expressed the company's excitement about welcoming Logility's loyal customers and experienced team to Aptean, emphasizing Logility's years of experience in helping global organizations design, build, and manage their supply chains.
The acquisition represents a significant and immediate value to Logility's shareholders and is expected to further innovate and enhance the offerings of both organizations, strengthening their commitment to driving client success.
The press release also provides insights into the financial advisors and legal counsels involved in the transaction, as well as brief descriptions of Logility and Aptean as leading providers in their respective industries. Following these announcements, the company's shares moved 24.9%, and are now trading at a price of $14.14. For the full picture, make sure to review Logility Supply Chain Solutions's 8-K report.
