International private assets fund management group Bridgepoint is to acquire supply chain risk and performance management company Achilles.
Achilles says the partnership will give the business access to money and expertise to enable greater expansion – both organically and through M&A – and deliver new capabilities around areas such as corporate social responsibility; environmental, social and governance; health and safety; electronic data interchange and supply chain mapping.
Matt Legg, director of Bridgepoint Development Capital, said: “Supply chains across the world are under increased pressure and scrutiny, creating opportunities for those companies who are able to provide data-driven solutions to ensure more sustainable and ethical solutions. Achilles, with its global platform, breadth of risk coverage, in-house audit capabilities, and depth of data validation provides a compelling proposition to its customers. We look forward to working with the Achilles management team and have already identified multiple avenues to drive value creation in a sector which is growing due to increasing supply chain complexity and corporate focus on supply chain risk and ESG.”
Jay Katzen, CEO of Achilles, said: “I am delighted Bridgepoint will be working with the team at Achilles for the next chapter in our story. Our teams have built a great rapport, and we have a shared vision about both the opportunity and goal to expand our solutions, helping our customers drive a more sustainable future.
“I believe this is a pivotal moment, not just for my colleagues and I at Achilles, but for our customers and partners as well. With this in mind, I’d like to thank HG Capital and Achilles’ chairman Craig Rodgerson, for their support in driving success for Achilles.
“With over 30 years’ experience, sector leading technology and extremely engaged employees, Achilles is uniquely well placed to take advantage of the opportunities that evolve as the world looks to make supply chains more sustainable, efficient and ethical. Achilles creates opportunity and provides the sector leading insight that enables better, value added decision making for our customers, from the smallest micro business to FTSE 100 companies. It is this strength of purpose and range of strategic opportunity that the team at Bridgepoint recognise and value – I’m excited about all that the future holds for Achilles and our customers.”