The Preactor Group sold to Siemens

Siemens AG has acquired The Preactor Group, a UK world leader in production planning and scheduling software used by a wide range of businesses. Initium advised the shareholders of The Preactor Group on the deal.

Headquartered in Chippenham, Wiltshire, Preactor operates through its subsidiaries in North America, India, France, Spain and China.

“The sale process was very structured, and with Initium we felt in good hands” – Mike Novels, Preactor

Preactor’s breakthrough APS planning software has been installed by over 4,500 small, medium and large multinational companies in 75 countries, and is used to drive down production costs, boost productivity and improve adherence to delivery deadlines. Frequently integrated with ERP, MES and Supply Chain Management solutions, Preactor offers a family of applications ranging from mid- and long-term capacity planning to detailed scheduling, and has been translated into 30 languages

The UK-based company will be assigned to the Siemens Industry Automation Systems business unit, which encompasses the entire Manufacturing Operations Management product portfolio.

Commenting on Initium’s role in the transaction, Preactor Group President and CEO Mike Novels said: “The sale process was very structured, and we felt in good hands. We already had a fairly long list of potential acquirers, which had shown interest in the past. Initium added to this list through their research work. Initium is a well-run, professionally organised team that will be an asset to any company thinking of selling up.”