Cement manufacturer HeidelbergCement has acquired a 45% interest in Command Alkon, a US-based provider of software and technology that helps manage supply chain of construction materials.
Software-focused private equity firm Thoma Bravo will hold a 55% stake in Command Alkon.
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HeidelbergCement CEO Dominik von Achten was quoted by Reuters as saying: “Our goal is to become the first industrial-tech company in our industry. With this partnership we believe we can set a standard for the heavy construction materials industry.
“The investment in Command Alkon and the partnership with Thoma Bravo now allows us to monetize the hidden potential of our assets and translate it into a new growth path for HeidelbergCement.”
Financial details have not been divulged.
Reuters reported citing a person familiar with the matter that HeidelbergCement was acquiring the stake for about $250m.
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By GlobalDataThis deal reportedly values Command Alkon as a whole at $1.7bn.
The portfolio of Command Alkon features software and technology for facility and site automation, ordering and scheduling of materials, management of inventory, optimisation of trucking logistics and fleet, in addition to office and field operations.
Command Alkon was acquired by Thoma Bravo in 2020 for an undisclosed amount.
Thoma Bravo senior partner A.J. Rohde said: “We are so excited to partner with HeidelbergCement, who is the clear industry leader in terms of digital transformation, to further support Command Alkon’s growth strategy and transform the heavy building materials industry.”
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Command Alkon is a US-based provider of software and technology that helps manage supply chain of construction materials. Credit: Nickbar from Pixabay
