Malvern, PA, and Breisach, Germany December 3, 2002 Solution provider Agilisys International today announced the acquisition of Brain AG, a provider of enterprise resource planning (ERP) and supply chain execution software to automotive suppliers and other selected industries worldwide.
Additionally, Jim Schaper, Agilisys chairman and CEO, has appointed Ernst Gemmasmer to the post of senior vice president to lead the European operations of Brain Automotive. Post-transaction, Brain Automotive and Brain Industries will operate as separate business units of Agilisys International, a global provider of software solutions to the manufacturing industries.
The acquisition was financed through funds managed by Golden Gate Capital and Parallax Capital Partners.
Brain has operated in the automotive supply chain for over 20 years, and it has over 1,600 customers in nearly 19 countries.
Schaper, Agilisys' chairman and CEO, said, "The acquisition of Brain provides Agilisys broader distribution capabilities outside North America, a defendable position in additional vertical markets and a large global customer base. Additionally, with access to over $700 million in investment capital, we will continue the evolution of the current product offerings and the global rollout of the new Brain Supply Web solutions."