JDA to acquire i2 Technologies

Source: Supply Chain Digital

Date :8/13/2008 11:26:44 PM

JDA Software Group Inc has acquired global supply chain software provider i2 Technologies Inc for an enterprise value of US$346 million in cash.

The acquisition will strengthen the Scottsdale, Arizona-based company’s position in the supply chain and optimization market.

The combined company has annual revenues of US$635 million from manufacturing, wholesale distribution, retail and services industries, JDA said in a statement.

Once the takeover is complete JDA predicts annual cost savings of some US$20 million to synergy in operations, administration and infrastructure.

Hamish Brewer, chief executive of JDA, said: “By acquiring i2 we double our addressable market in manufacturing to include discrete manufacturing, complementing our current market leadership in process manufacturing and strengthening our retail and transport management presence.”