Eyelit Technologies Acquires Adexa to Enhance Smart Factory and Supply Chain Capabilities
Eyelit Technologies (Eyelit), a renowned leader in optimized planning, scheduling, and execution systems for manufacturers, has made a significant move in the manufacturing and supply chain industry with the acquisition of Adexa, a global provider of AI-driven supply chain and enterprise business planning solutions. This acquisition marks an important milestone for Eyelit as it continues to expand its reach and offerings, enabling the company to deliver end-to-end smart factory solutions that drive manufacturing excellence and improve supply chain performance.
Strengthening Eyelit’s Position in Smart Factory Solutions
The strategic acquisition of Adexa strengthens Eyelit’s capabilities, especially in the area of AI-driven supply chain management. Eyelit’s CEO, Joe Bellini, expressed his excitement about the acquisition, highlighting the value it brings to both companies. “We are thrilled to welcome Adexa to the Eyelit family,” Bellini said. “Adexa’s expertise in AI-driven supply chain management enhances our ability to offer customers an integrated approach from planning to scheduling to execution. Together, we are uniquely positioned to help manufacturers optimize their factory and multi-factory operations.”
This acquisition aligns with Eyelit’s long-standing mission of enabling manufacturers to achieve operational efficiency, minimize waste, and improve overall factory performance through smarter planning and real-time execution systems. With the addition of Adexa’s cutting-edge supply chain and enterprise business planning solutions, Eyelit can now offer a comprehensive suite of solutions that cater to every stage of the manufacturing process, from planning to scheduling to execution, and beyond.
Adexa’s Role in Supply Chain Optimization
Adexa has earned a strong reputation for bridging the gap between various stakeholders and optimizing supply chain management (SCM) through real-time insights and advanced planning technologies. Their expertise in using AI to manage complex supply chain challenges will enhance Eyelit’s offerings in key areas, such as demand forecasting, inventory management, and production scheduling. By joining forces with Eyelit, Adexa’s solutions will complement Eyelit’s existing smart factory technology, resulting in a more integrated and seamless platform for managing manufacturing operations.
With Adexa’s advanced AI-driven planning tools, manufacturers will have the ability to gain better insights into their operations, enabling them to make more informed decisions that enhance supply chain agility and resilience. This collaboration will not only improve operational efficiency but also provide greater visibility into factory and supply chain performance, empowering businesses to meet evolving market demands and navigate complex supply chain disruptions with ease.
Combining Strengths for Greater Business Performance
Cyrus Hadavi, Founder and CEO of Adexa, expressed his enthusiasm for the acquisition, noting that it represents a natural step in their mission to empower businesses with smarter, more agile planning solutions. “Joining Eyelit is a natural step in our mission to empower businesses with smarter, more agile planning solutions,” Hadavi commented. “By combining our strengths, we can offer manufacturers an unparalleled suite of tools that integrates planning, scheduling, execution, and real-time visibility, ultimately driving greater business performance.”
The combination of Eyelit’s expertise in manufacturing optimization with Adexa’s advanced planning and supply chain management capabilities creates a powerful synergy. Together, the two companies are poised to redefine the manufacturing and supply chain landscape, providing businesses with the tools they need to optimize operations, reduce costs, and improve overall business performance. This merger not only broadens the range of services offered but also paves the way for more innovative solutions to the challenges faced by manufacturers in a rapidly changing global market.
Banneker Partners’ Strategic Support
Eyelit’s acquisition of Adexa is also backed by Banneker Partners (Banneker), Eyelit’s private equity partner. Banneker has endorsed this acquisition as a strategic move that will enhance the value of both companies and unlock growth potential for customers. Kenneth Frank, Board Member at Eyelit and Partner at Banneker, emphasized the importance of the merger, stating, “This acquisition combines Eyelit’s AI-driven manufacturing solutions with Adexa’s capabilities, driving innovation and efficiency across the supply chain.”
Harjot Sachdeva, Operating Partner at Banneker, further highlighted the value of the acquisition, saying, “Integrating Adexa’s planning technologies with Eyelit’s smart factory solutions creates a new category, and we are excited about the value and growth this will unlock for customers.” The integration of the two companies’ technologies will lead to the development of a new generation of tools that will enable manufacturers to run smarter factories and optimize their supply chains more effectively.
Banneker’s involvement in the transaction also reflects their strong belief in the future potential of the combined companies. With Banneker’s expertise in private equity and a deep understanding of the manufacturing and supply chain sectors, they are well-positioned to guide Eyelit and Adexa through this new phase of growth, ensuring that their solutions continue to meet the evolving needs of manufacturers around the world.
Adexa’s Financial Advisory and Support
Adexa was advised and supported by Ashwini Gautam and the team from Marks Baughan, who acted as the sole financial advisor and facilitator for the acquisition. Ashwini Gautam expressed his gratitude for the opportunity to work on this important transaction, stating, “It has been a privilege serving Cyrus Hadavi, a leader and visionary in the supply chain planning space. We are deeply grateful for the opportunity to collaborate with the team at Banneker, whose exceptional expertise and strategic insights in the supply chain and manufacturing space were instrumental to this transaction’s success.”
Marks Baughan’s role in facilitating the acquisition underscores the strategic importance of the deal and the careful planning that went into ensuring a smooth integration process. By providing expert guidance to both Eyelit and Adexa, Marks Baughan played a critical role in helping the companies reach this milestone, further solidifying their commitment to the long-term success of the merger.
A New Era of Manufacturing Excellence
As Eyelit and Adexa come together, they embark on a new chapter in the world of manufacturing and supply chain optimization. This acquisition not only enhances Eyelit’s position as a leader in smart factory solutions but also opens up exciting new possibilities for manufacturers seeking smarter, more efficient ways to manage their operations.
With the integration of AI-driven supply chain planning technologies from Adexa, Eyelit’s customers will gain access to a robust, end-to-end solution that encompasses everything from supply chain planning to production execution. This holistic approach is expected to drive increased efficiency, reduce lead times, and enhance overall business performance.
As manufacturers face increasingly complex challenges in a rapidly changing global marketplace, the need for advanced, integrated solutions has never been more critical. By combining Eyelit’s manufacturing expertise with Adexa’s supply chain management capabilities, the newly formed company is uniquely positioned to lead the charge in helping manufacturers thrive in the digital age.
Together, Eyelit and Adexa are set to revolutionize the way manufacturers optimize their operations, creating smarter factories and more agile supply chains that are ready to meet the demands of the future.