Industry Related TransactionsFlexware Innovation Acquired By Hitachi, Ltd
Sellside advisor to Flexware Innovation
7 Mile Advisors Acts As Sellside Advisor To Flexware Innovation, a Key Industry 4.0 Consultancy and Systems Integrator, On Their Acquisition By Hitachi Ltd
The acquisition will accelerate Hitachi’s offerings between shop floor operations and enterprise systems, particularly in North America.
CHARLOTTE, NC – Flexware Innovation (“Flexware”), a leading manufacturing Systems Integrator (SI), was acquired by Hitachi, Ltd (“Hitachi”). 7 Mile Advisors acted as the exclusive sellside advisor to Flexware Innovation throughout the transaction.
“Flexware has been a longstanding leader in the digital transformation of the manufacturing setting, bringing Industry 4.0 capabilities to life. It will be exciting to see where the Flexware and Hitachi teams evolve this offering into the future,” commented John Cooper, Partner at 7 Mile Advisors.
With this acquisition of Flexware Innovation, Hitachi will strengthen and enhance its business in the domain of MES (Manufacturing Execution Systems), SCADA (Supervisory Control and Data Acquisition), Software Development, Business Intelligence (BI), and ERP (Enterprise Resource Planning) implementation capabilities in North America, and accelerate the digitalization with JR Automation*2 which engages in the robotic SI & automation. Further, through cooperation with Hitachi Vantara which has expertise in building and deploying Enterprise and Cloud applications*5, Hitachi will be able to provide TOTAL SEAMLESS SOLUTION from robotic SI & automation, MES, SCADA, BI, and ERP and help manufacturing leaders increase corporate value.
Hitachi’s basic approach for the industry field is to globally develop TOTAL SEAMLESS SOLUTION that solves issues existing in the boundaries between the shop floor, top floor, and supply chain to create new business value, by taking advantage of having offerings ranging from products, OT (Operational Technology) and IT (Information Technology) systems integration capabilities.
“Our people are passionate about solving problems for our customers. This new partnership with Hitachi will allow us to do that on a larger stage, with strong vision and backing from a respected global technology company. We have developed a unique culture at Flexware Innovation that merges perfectly with Hitachi’s Founding Spirit. I am genuinely excited for our future together.” – Scott Whitlock, Founder and President & CEO of Flexware Innovation.
7 Mile Advisors is pleased to have completed over 15 successful transactions in the Industrial Services and Technology ecosystem. As the need for digital transformation in the manufacturing setting continues to drive M&A the team at 7 Mile is prepared to assist business owners looking to pursue strategic opportunities both on the buyside and sellside. For more information about 7 Mile’s services and areas of expertise visit www.7mileadvisors.com.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
About Flexware Innovation
Flexware Innovation is a trusted advisor to some of the world’s most successful, forward-thinking companies that need to integrate their business and production systems to maximize their resources. Founded in 1996, Flexware’s highly skilled teams work side-by-side with manufacturing customers to leverage technology to solve real business problems. Flexware offers the best-in-class software development, automation engineering, manufacturing systems integration (MES, HMI/SCADA, & ERP), business intelligence solutions, Internet of Things (IoT) devices, and specialized product development.
About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology), and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries, and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for the fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide.
