With the acquisition of its British counterpart, the European provider of ERP software solutions for industry intends to strengthen its leading position in Europe.
Forterro is the European provider of ERP (integrated management software package) software solutions for industry with more than 10,000 small and medium-sized user companies. It brings together the most successful French ERP brands to meet the specificities of many sectors: metallurgy, sheet metal and machining (Clipper), aeronautical industry (Helios ERP), avant-garde technologies (Sylob). With 3,000 customers, Forterro is the leader in France and well established in Europe
Becoming a must-have for industrial SMEs in Europe
The OrderWise product line allows the Forterro Group to acquire nearly 21 million euros (18 million pounds sterling) in revenue and nearly 1,000 customers. OrderWise's specialized and highly integrated software offering in finance, order management, point of sale (POS), warehouse management (WMS), transport management (TMS) and e-commerce is used by nearly 1,000 customers in the United Kingdom.
"We warmly welcome OrderWise, its staff and its customers," said Dean Forbes, CEO of Forterro. "OrderWise and its products are perfectly in line with Forterro's vision and reinforce our position as the leading provider of software solutions for industrial SMEs in Europe."
Forterro has 300 employees on French territory. The takeover of OrderWise will take it to the next level. David Hallam, the founder of Wise Software is retiring and leaving his management team to continue with Forterro the next phase of development of OrderWise. "As we approach another year of double-digit revenue growth and as we finalize the development of our full web version, OrderWise is in an ideal position for a new owner," he says. I was looking for a partner who could take this company to the next level, while allowing us to stay true to our roots and continue to take care of our customers. I am happy to say that Forterro is this partner."
This acquisition completes the recent acquisitions made by Forterro in Sweden, Germany, Switzerland and Poland. The Caen-based company aims to triple the size of the group in five years, thanks to organic and external growth. It also wishes to strengthen its presence in other European countries where it is less active.
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