Independent private investment firm Ardian sold Clip Industrie, an Éguilles, France-based provider of Enterprise Resource Planning (ERP) software for industrial SMEs, to Forterro.
US-based Forterro, which is owned by investment firm Battery Ventures, already owns a number of ERP software providers around the world.
The financial details of the deal were not disclosed.
Led by Arnaud Martin, CEO, Clip Industrie provides computer-aided production management (CAPM) software for industrial SMEs. Its two vertical ERP software packages, Clipper and Helios, meet the needs of industrial small and medium-sized companies in the aeronautics, automotive, medical, rail and watch making sectors, as well as those of the workshops and subsidiaries of large groups such as Michelin, the Air Force or Eiffage and the numerous subcontractors of Dassault and Airbus.
Following the close of the deal, Martin will remain CEO and will continue to support the company’s future development.
FinSMEs
13/06/2017