Aptos, Inc., an Atlanta, GA-based provider of retail technology solutions, is to acquire TXT Retail, a Milan, Italy-based global provider of end-to-end merchandise lifecycle management solutions for the apparel, luxury, specialty and general retail sectors.
The transaction is worth €85m on a cash-free debt-free basis.
The acquisition, expected to close in September 2017 subject to customary closing conditions, will combine Aptos’ customer engagement and inventory management solutions with TXT Retail’s merchandise lifecycle management suite.
The deal also expands Aptos’ global presence through TXT Retail’s 10 offices and more than 300 people in key markets across Europe, North America and Asia-Pacific.
Led by Simone Pozzi, TXT Retail provides solutions covering the full spectrum of activities in planning, designing, buying, distributing and delivering assortments through every stage of their lifecycle, which are complementary to Aptos’ core Merchandising and Enterprise Order Management technologies.
The company – part of TXT e-solutions, an international group that is listed on the Italian Stock Exchange (TXT.MI) – is based in Italy, with additional offices in Australia, Canada, France, Germany, Hong Kong, Singapore, Spain, United Kingdom and United States.
Currently, TXT Retail serves over 500 retail brands worldwide, including adidas, Build-A-Bear Workshop, Dior, Guess, Lacoste, Louis Vuitton, Sephora, Tesco, Tod’s, Urban Outfitters and Zalando.
Following the close of the deal, the combined customer base would include more than 1,000 retail brands.