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Aptean to Acquire Logility in Strategic Move for AI Supply Chain Solutions
ALPHARETTA, Ga. & ATLANTA – In a significant development in the enterprise software landscape, Aptean has announced its intent to acquire Logility Supply Chain Solutions, Inc. (NASDAQ: LGTY), a company renowned for its AI-driven supply chain management software. This all-cash deal was unveiled today and values Logility at $14.30 per share, marking a notable premium over both recent closing prices and previous valuations.
The offer represents a 27.0% increase from Logility’s closing price on January 23, 2025, and a 28.4% premium based on the 30-day volume-weighted average price up to that date. Additionally, it reflects a 30.1% premium over Logility’s December 6, 2024 closing price, prior to an indication from 2717 Partners to assess strategic alternatives, and a substantial 34.1% increase over the 30-day average price leading up to that suggestion.
Logility, based in Atlanta, has established itself as a leader in utilizing AI to enhance supply chain planning. Its software solutions are designed to optimize inventory management, demand forecasting, and production processes. With a diverse clientele exceeding 500 businesses across various sectors such as consumer goods, apparel, food and beverage, and manufacturing, Logility is well-positioned within the industry.
TVN Reddy, the CEO of Aptean, expressed optimism regarding the acquisition, noting Logility’s extensive expertise and robust AI solutions. He emphasized that bringing Logility under Aptean’s umbrella is expected to enrich the customer experience and fuel ongoing innovations in manufacturing and supply chain operations.
Hythem T. El-Nazer, Co-Managing Partner at TA, highlighted the collaboration potential between Aptean and Logility’s offerings, stressing that the merger could significantly enhance client outcomes and drive innovation across the board.
James B. Miller, Jr., Chairman of Logility, confirmed that the decision to pursue this sale was reached unanimously by the Board after a thorough auction that commenced in late summer 2024. The transaction is perceived as a strategic pathway to maximize shareholder value while continuing to provide high-quality solutions to clients.
Allan Dow, President & CEO of Logility, shared a positive outlook, asserting that the partnership with Aptean would enable Logility to fulfill its long-term objectives and maintain its commitment to delivering AI-first solutions to its customers.
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