Peak Technologies Completes Acquisition of M‑Netics
Acquisition expands Peak Technologies presence in Europe and adds IM2 Software Suite to its managed mobility services offering.
COLUMBIA, MD and CHIPPENHAM, UK (December 2, 2015) – Peak Technologies today announced that it has completed the acquisition of M-Netics, an end-to-end enterprise mobility solutions provider and developer of the industry-leading IM2 enterprise mobility software suite. M-Netics solutions cover retail omni-channel (in-store and back office), supply chain, mobile worker and proof-of-delivery requirements. Customers include leading logistics providers, manufacturers, retailers and field service organizations.
Peak Technologies plans to leverage the IM2 software suite to expand its managed mobility services offering to include mobile applications for the operations of multi-channel retailers, logistics companies and mobile service providers.
The acquisition of M-Netics is aligned with our strategy to continue offering customers the most complete end-to-end enterprise mobility solutions portfolio in the industry,” said Ross Young, CEO of Peak Technologies. “M-Netics will bring complementary products, partnerships and services to our portfolio while allowing us to expand our capabilities into mobile software application development and strengthen our offerings in specific verticals such as retail,” added Young. Together, Peak Technologies and M-Netics will provide the full lifecycle services to plan, procure, provision, activate, manage and support commercial and rugged mobile devices, carrier services and mobile software applications while delivering business data and insights to improve operational efficiencies, and increase employee productivity – whether it be in the supply chain, out in the field workforce or on the retail floor. M-Netics IM2 software suite includes:
- IM2 Retail – pick up in store (click and collect), product inquiry, price management, replenishment, receiving, real-time inventory visibility and store stock management, store ordering, customer service, and in-store fulfillment.
- IM2 ePod – loading, deliveries and collections, unloading, signature capture, images capture, mobile printing, vehicle checks, satellite navigation, GPS tracking, and lone worker alerts.
- IM2 eTrack – tracking of items through the logistics network, multi-tier containerization, integration to IM2 ePOD for on-the-road tracking, delivery and collection, and integration to 3rd-party logistics and parcel systems
“After carefully considering all of our options for accelerating the growth of M-Netics, I am extremely excited for us to join forces with Peak Technologies and be part of one of the largest, most dynamic international mobile solutions providers in the market today,” said Tim Hamilton-Davies, founder and CEO of M-Netics. “The combination with Peak Technologies provides our business with additional scale and immediate access to supplementary resources in the UK and North America to offer our customers enhanced levels of value, support and service,” added Hamilton-Davies.
About Peak Technologies
Peak Technologies provides end-to-end enterprise mobility, managed services, printing and mobile data capture solutions for performance-driven organizations focused on the optimization of supply chain and field-based business processes. Peak Technologies’ in-depth industry-specific experience, state-of-the-art solutions and managed services, and exemplary customer support provide transformational business solutions and results that deliver greater ROI and outstanding value. Peak Technologies serves as a trusted business partner for some of the world’s largest companies, while also supporting local and regional customers with an extensive coverage footprint throughout North America and Europe.
For more information on Peak Technologies, visit www.peaktech.com.
About Keystone Capital
Peak Technologies is owned by Keystone Capital, a private investment firm based in Chicago, Illinois that manages in excess of $250 million in investment capital. Formed in 1994, its mission is to acquire and build a portfolio of exceptionally high quality, mid-sized businesses that are leaders in their niche markets. Keystone is differentiated by its investment of personal as opposed to third-party capital, which results in a longer investment horizon of 10+ years and an ability to enter into true operating partnerships with the professional management teams of its companies.
For more information on Keystone Capital, visit www.keystonecapital.com.