29.09.2021 11:43

HeidelbergCement partners with leading software investment firm Thoma Bravo and invests in Command Alkon

HeidelbergCement, one of the world’s largest integrated manufacturers of building materials and solutions, and Command Alkon, one of the global leaders in comprehensive supply chain technology solutions for heavy building materials, announced today that as part of a new partnership with Thoma Bravo, a leading software investment firm, HeidelbergCement has signed an agreement to make a minority investment to acquire 45 % in Command Alkon. Thoma Bravo will retain the majority ownership of Command Alkon.

Since acquiring Command Alkon in 2020, Thoma Bravo has helped guide the company to expand its solutions portfolio as well as modernized and centralized its systems and organizational structure to enhance the customer experience. As a group, Thoma Bravo, HeidelbergCement and Command Alkon expect to continue to accelerate Command Alkon’s strategy to deliver best-in-class, cloud-based solutions to better serve its customers. The addition of HeidelbergCement’s global reach and product adoption will further enable Command Alkon to scale its solutions and drive growth.

HeidelbergCement and Command Alkon believe through each company’s efforts, as well as continued collaboration with stakeholders globally, they can help advance digital transformation within the heavy building materials supply chain sector, including more transparent industry standards for seamless connectivity, improved solutions to customers’ everyday pain points (e.g., digital ticketing or Telematics), a generally increased pace in innovation, and an acceleration to customers’ sustainability efforts. HeidelbergCement will continue to autonomously own and develop HConnect, its proprietary digital product suite with more than 18,000 customers.

Command Alkon offers technologies that automate and streamline all aspects of the heavy building materials supply chain for materials suppliers, haulers, and buyers. A comprehensive suite of industry-specific solutions combined with employees invested in the success of heavy materials operations and construction projects differentiates Command Alkon as an industry leader and go-to partner. CONNEX, a supply chain platform built for the industry, enables business partners to digitize and integrate workflows for materials and trucking management and capture powerful insights that drive performance. Command Alkon is headquartered in Birmingham, Alabama and has offices in locations around the globe. 

Thoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management as of June 30, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco.

Region: Germany
Source: HeidelbergCement
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