CFO Richard Knight says the acquisition of ATG marks a strategic step forward for Smollan
Smollan Group has acquired the Argility Technology Group in a move to expand its global offering.
Smollan Group has acquired the leading software supplier to retail and supply chain sectors, Argility Technology Group (ATG), from Capital Eye Investments.
ATG CFO Richard Knight explains that the completion of the acquisition marks a strategic step forward for the Smollan Group to expand its global offering of technology and data analytics within retail, digital commerce and supply chain management.
Smollan has a 90-year history of partnering with brands to create and execute insight-led solutions to deliver growth, wider distribution and operational efficiencies.
“The synergies that exist between the organisations offer a unique opportunity for ATG to provide local South African software expertise to a global customer base and further enhance stakeholder value.” Richard says.
Smollan chief data officer James Collet emphasises the importance of the strategic acquisition, saying, “We are extremely excited about the synergies which exist between the businesses, and as a leading global commerce solution company, we will be looking to grow the ATG footprint internationally.”
He adds that an aligned and strong culture is always foundational to creating a successful partnership, and that Smollan believes it has found just that in ATG and its people.
ATG CEO Marko Salic also notes that this is one of the most important events in the history of Argility. “ATG is immensely excited about this new phase in the history of the group. Over the past five years, we have made notable strategic investments in the acquisition of companies that have served to augment our goal of partnering with retail and supply chain organisations to help them digitise and transition into industry 4.0.”
He explains that the synergies between Argility’s vision and mission with those of Smollan made this a very appealing move for the group. “Combining these strengths will serve to enhance ATG’s portfolio, expand our solutions and service delivery for current and future customers.”