Dematic announces agreement to acquire Reddwerks

Dematic, a leading global supplier of integrated automated technology, software and services to optimize the supply chain, has announced an agreement to acquire Reddwerks Corporation, a leading innovator of warehouse execution software (WES).

WES provides customers with real-time decision engines to optimize material and information flow in the supply chain. The acquisition is intended to enhance Dematic’s existing software suite.

“The global supply chain needs to be flexible, responsive and agile, empowered to deliver goods to consumers on demand,” said Ulf Henriksson, Dematic president and CEO. “Retailers and manufacturers need to be positioned to respond to this dynamic demand. The only way to effectively achieve responsive order fulfillment is through an automated supply chain, powered by comprehensive real-time software. Traditional batch processing cannot sufficiently respond to either the operational variability or the speed required. The union of Dematic and Reddwerks will enable customers to accommodate ever-changing business requirements by enhancing automation technologies with on-demand software solutions that dynamically optimize warehouse and distribution functions.”

Headquartered in Austin, Texas, Reddwerks will operate as a subsidiary of Dematic under the tradename Dematic Reddwerks.

“Dematic is the industry leader in software and automation technologies for modern e-commerce, apparel, retail, and general merchandise supply chains,” said Alex Ramirez, CEO, Reddwerks. “We are excited about the prospect of integrating our platform and our operational research-driven approach into Dematic offerings and delivering value to customers globally.”