Aptean to Acquire Logility for $14.30 per Share

Deal News | Feb 03, 2025 | Orrick, Herrington & Sutcliffe

Aptean to Acquire Logility for $14.30 per Share

Aptean, a global leader in enterprise software solutions, announced its definitive agreement to acquire Logility Supply Chain Solutions, Inc., a prominent provider of AI-based supply chain management software. The acquisition, set at $14.30 per share, is a testament to Aptean's strategic expansion into supply chain technological advancements. Orrick, Herrington & Sutcliffe, a law firm, is acting as the legal advisor for Aptean in this transaction. With regulatory approvals pending, the transaction is anticipated to close by the second quarter of 2025. This acquisition not only aligns with Aptean's growth strategy but also enhances its capabilities in the AI-driven supply chain sector.

Sectors

  • Software & Technology
  • Supply Chain Management

Geography

  • United States – Both companies involved, Aptean and Logility, are based in the United States, and the transaction is governed by U.S. regulations.

Industry

  • Software & Technology – The article discusses Aptean's acquisition of Logility, both of which operate in the software sector, focusing on AI-driven solutions for enterprise and supply chain management.
  • Supply Chain Management – Logility specializes in AI-first supply chain management software, making this industry classification relevant to the subject of the article.

Financials

  • $14.30 per share – The purchase price per share that Aptean will pay to acquire all outstanding common stock of Logility.

Participants

NameRoleTypeDescription
ApteanBidding CompanyCompanyA global provider of mission-critical enterprise software solutions, acquiring Logility.
Logility Supply Chain Solutions, Inc.Target CompanyCompanyA leader in AI-first supply chain management software.
Orrick, Herrington & SutcliffeLegal AdvisorCompanyThe law firm representing Aptean in the acquisition of Logility.