Wise Robotics Sold To Forterro
Location
Sector
Deal Type
Value
Bishopsgate advised the shareholders of Wise Robotics, which is dedicated to ongoing R&D in warehouse automation and serving customers with flexible warehouse robotics solutions, on the sale to Private Equity backed Forterro Group.
Founded in 2012 and headquartered in London, Forterro has a portfolio of 11 Enterprise Resource Planning (“ERP”) software brands, serving over 10,000 customers primarily in the manufacturing space. The Company’s software products offer functionality and serve various manufacturing sub-verticals, which has differentiated its solutions from competitors and fostered a loyal customer base.
Forterro’s deep domain expertise allows customers to buy more tailored solutions, which increases speed of implementation. The Company has over 1,200 employees across its European offices – located in the UK, Sweden, France, Switzerland, Germany and Poland – and global development centers.
The SMB ERP software market benefits from structural tailwinds driven by long-term digitization trends and is expected to experience attractive growth in the coming years. Forterro’s strong portfolio of brands and geographic reach position it well to capitalize on this growth.
Bishopsgate Advisors
Ed Wesson
James McBain Allan
Craig Johnson – Co-Founder and Managing Director, Fanatical
Everyone here at Fanatical is thrilled to become part of the Fandom family.
The synergies between our two companies are undeniable and the opportunities that this acquisition presents are both incredibly exciting and vast. We felt fully supported by our advisory teams – their joined-up approach, hard work and dedication ensured the transaction was a smooth one. We really appreciate all they did in successfully getting the deal done and can’t praise them enough.
We felt fully supported by our advisory teams – their joined-up approach, hard work and dedication ensured the transaction was a smooth one. We really appreciate all they did in successfully getting the deal done and can’t praise them enough.
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