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ALPHARETTA, Ga. & ATLANTA - Aptean, a provider of enterprise software solutions, has agreed to purchase Logility Supply Chain Solutions, Inc. (NASDAQ: LGTY), an AI-first supply chain management software company.
The all-cash transaction announced today values Logility at $14.30 per share, a significant premium over recent and unaffected closing share prices.
The acquisition price is a 27.0% increase over Logility's January 23, 2025 closing price and 28.4% over the 30-day volume-weighted average price as of the same date.
Furthermore, it is a 30.1% premium to the December 6, 2024, closing price, before the public suggestion by 2717 Partners to explore strategic alternatives, and a 34.1% premium over the 30-day volume-weighted average price preceding that date.
Logility, headquartered in Atlanta, offers AI-enhanced supply chain planning software to optimize inventory, forecast demand, and streamline production. With over 500 clients worldwide, Logility serves various industries, including consumer goods, apparel, food and beverage, and manufacturing.
Aptean's CEO, TVN Reddy, expressed enthusiasm for the acquisition, highlighting Logility's extensive experience and the strength of its AI-powered solutions. Aptean anticipates that the integration of Logility will benefit their customer base and contribute to their ongoing innovation in the manufacturing and supply chain sectors.
TA's Co-Managing Partner, Hythem T. El-Nazer, also remarked on the potential of combining Aptean's and Logility's solution suites to drive client success and innovation.
Logility's Chairman, James B. Miller, Jr., stated that the decision to sell to Aptean was unanimous by the Board, following a comprehensive auction process that began in late summer 2024. This transaction is seen as the optimal path to maximize shareholder value and continue offering top-tier solutions to clients.
Allan Dow, President & CEO of Logility, echoed the sentiment, expressing confidence that the acquisition by Aptean will enable Logility to reach its long-term potential and continue serving its client base with AI-first solutions.
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