HEIDELBERG, Germany, BIRMINGHAM, Ala. and SAN FRANCISCO, September 28, 2021 / PRNewswire / – HeidelbergCement, one of the world’s largest integrated manufacturers of building materials and solutions, and Command Alkon, the global leader in complete supply chain technology solutions for heavy building materials, announced today that, as part of a new partnership with Thoma Bravo, a leading software investment company, HeidelbergCement has signed an agreement to take a minority stake to acquire 45% of Command Alkon. Thoma Bravo will retain the majority stake in Command Alkon.
Since acquiring Command Alkon in 2020, Thoma Bravo has helped the company expand its portfolio of solutions as well as modernize and centralize its systems and organizational structure to improve the customer experience. As a group, Thoma Bravo, HeidelbergCement and Command Alkon plan to continue accelerating Command Alkon’s strategy to deliver the best cloud-based solutions to better serve its customers. The addition of HeidelbergCement’s global reach and product adoption will allow Command Alkon to evolve its solutions and drive growth.
HeidelbergCement and Command Alkon believe that through the efforts of individual companies, as well as continued collaboration with stakeholders around the world, they can help advance digital transformation in the building materials supply chain industry. heavy, including more transparent industry standards for seamless connectivity, enhanced solutions to the daily pain of customers. (for example, digital or telematics ticketing), a generally increased pace of innovation and an acceleration of customers’ sustainable development efforts. HeidelbergCement will continue to independently own and develop HConnect, its proprietary digital product suite with more than 18,000 customers.
“As part of our ‘Beyond 2020’ strategy, our clear goal is to become the leading industrial technology company in our industry,” said Dr. Dominik von Achten, Chairman of the Management Board of HeidelbergCement. “We have made significant progress in our independently developed HConnect digital customer experience since its development in 2018. The investment in Command Alkon and the partnership with Thoma Bravo now allow us to monetize the hidden potential of our assets and translate it into a new path of growth. for HeidelbergCement. Together, we will build the digital ecosystem of the future for the heavy building materials industry.
“This partnership is a unique opportunity to accelerate digital change across the heavy building materials supply chain,” said Phil ramsey, CEO of Command Alkon. “HeidelbergCement is a leading player in the industry, and their investment is a validation of our strategy, our solutions and the exceptional customer experience we offer. This transaction will better position Command Alkon to improve our support to all. customers, expand our geographic footprint and execute our transition to the cloud.We look forward to continuing to benefit from our partnership with HeidelbergCement and Thoma Bravo as we continue to deliver automation and business process technologies that add value to our businesses. customers and stakeholders in the construction industry.
“We are delighted to partner with HeidelbergCement, which is the undisputed industry leader in digital transformation, to further support Command Alkon’s growth strategy and transform the heavy building materials industry,” said AJ Rohde, senior partner at Thoma Bravo. “This is our most significant partnership with a global industrial company, and we believe it will have a lasting positive impact on sustainability and the ease of doing business in the heavy building materials sector. The goal when we acquired Command Alkon was to modernize the company’s platform, create a digital ecosystem from production to consumption, and expand its global presence. This changing HeidelbergCement investment and partnership will help accelerate all of these initiatives even faster for the benefit of all Command Alkon customers.
Command Alkon has the largest installed software base in the heavy building materials supply chain industry with more than 2,500 customers worldwide. Its comprehensive product portfolio includes software and technologies for factory and site automation, materials ordering and planning, inventory and mix management, trucking logistics and fleet optimization, office and field operations, reports and analyzes. Over 1,000 companies use Command Alkon’s CONNEX platform connecting all participants in the heavy construction material supply chain – suppliers, carriers and buyers – to enable data sharing and digital workflows among all cloud-scale parties and make it simpler and easier for customers to do business, improve stakeholder efficiency and encourage greater sustainability.
The purchase contract is subject to the usual regulatory approvals, which are expected to be obtained by the end of 2021.
HeidelbergCement is one of the world’s largest integrated manufacturers of building materials and solutions, with leading positions in the aggregates, cement and ready-mixed concrete market. Around 53,000 employees at more than 3,000 sites in more than 50 countries deliver long-term financial performance through operational excellence and openness to change. At the heart of the actions is environmental responsibility. As a pioneer on the road to carbon neutrality, HeidelbergCement designs material solutions for the future. For more information visit www.heidelbergcement.com.
About the Alkon order
Command Alkon offers technologies that automate and streamline all aspects of the heavy construction material supply chain for material suppliers, carriers and buyers. A comprehensive suite of industry specific solutions combined with employees committed to the success of heavy material operations and construction projects differentiates Command Alkon as an industry leader and go-to partner. CONNEX, a supply chain platform designed for industry, enables business partners to digitize and integrate workflows for materials and trucking management and capture powerful information that drives performance. Command Alkon is headquartered in Birmingham, Alabama and has offices all over the world. For more information visit www.commandalkon.com.
About Thoma Bravo
Thoma Bravo is one of the largest private equity firms in the world, with more than 83 billion dollars in assets under management at June 30, 2021. The company invests in innovative and growth-oriented companies operating in the software and technology sectors. Leveraging the company’s in-depth industry expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operational best practices, drive growth initiatives and complete accretive acquisitions aimed at accelerate revenues and profits. Over the past 20 years, the firm has acquired more than 325 companies representing more than $ 100 billion in enterprise value. The company has offices at Chicago, Miami and San Francisco. For more information visit thomabravo.com.
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SOURCE Command Alkon Incorporated, HeidelbergCement