Syspro expands UK presence with NexSys acquisition

SYSPRO has announced its acquisition of UK-based software provider NexSys, part of the K3 Business Technology Group.

The move signals SYSPRO's intention to enhance its presence in the UK while broadening its reach across Europe, marking a step in its strategy to expand its global footprint.

The acquisition will broaden SYSPRO's digital manufacturing capabilities with additional products aimed at addressing the needs of global customers.

SYSPRO's expanded suite is designed to support midmarket manufacturing and distribution organisations, offering solutions to enhance automation, visibility, and traceability, applicable across cloud, on-premise, or hybrid environments.

This announcement follows SYSPRO's recent change in ownership, as the company was acquired by global private equity investor Advent in October.

The acquisition of NexSys represents the first major initiative under Advent's ownership, aligning with a strategy focused on growth through targeted investments.

Advent's backing is anticipated to bolster SYSPRO's industry expertise, allowing further expansion and enhancement of offerings for customers worldwide.

The acquisition builds upon a longstanding partnership between SYSPRO and NexSys, during which NexSys has been recognized as a reliable provider of digital solutions to manufacturing and distribution companies in the UK.

The alignment in their strategic goals has led to the decision to formally integrate NexSys into SYSPRO's operations.

SYSPRO remains committed to its value-added channel strategy, supporting its global partner ecosystem.

SYSPRO Chief Executive Officer Jaco Maritz emphasized the significance of this development, stating, "NexSys has been a valued partner for many years, and we're delighted to formally welcome them into SYSPRO. This acquisition marks an important step in expanding our market presence in the UK and Europe, as well as purpose-built software products to enhance our high-quality software suite, setting the tone for a new phase in SYSPRO's business evolution."

"The NexSys team brings exceptional talent, deep industry knowledge, and proven solutions and capabilities, which align seamlessly with our customer-centric approach and strategic vision."

"By combining our strengths, we enhance our market position to deliver even greater value to the manufacturing and distribution sectors."

NexSys Managing Director Nick McGrane shared his perspective on the acquisition, saying, "Joining SYSPRO is a significant milestone for our company.

We are confident that this will open new opportunities for our team and customers, enabling us to combine our expertise, expand the SYSPRO software suite, and create a stronger and more competitive business."

The transaction is expected to conclude in January, subject to final shareholder endorsement and customary regulatory and closing conditions.

Torch Partners served as SYSPRO's financial adviser, with Weil, Gotshal & Manges LLP providing legal counsel for the transaction.