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JDA Software completes acquisition of i2 Technologies

01
Feb '10
JDA Software Group, Inc. announced that it has completed the acquisition of i2 Technologies, Inc. in a transaction valued at approximately $604 million, or $19.79 per common share. By finalizing the acquisition, JDA solidifies its position as one of the world's leading providers of supply chain management and pricing solutions with the addition of i2's 400-plus customers and robust, patented manufacturing, supply chain, retail and transportation solutions.

This acquisition brings together two market leaders, resulting in JDA's ability to provide the most comprehensive, integrated supply chain offering, spanning from materials to the consumer. Together, the combined company's customer base comprises more than 6,000 companies worldwide in the discrete and process manufacturing, wholesale distribution, transportation, retail and services industries.

“With the close of the i2 acquisition, we've achieved an exciting milestone and an important and consistent next step in our strategy of becoming the foremost end-to-end supply chain solutions provider. JDA's and i2's combined resources, talent and track record create a platform for accelerated innovation, expanded service and support, and improved delivery of the results that matter most to our customers,” said JDA Chief Executive Officer Hamish Brewer.

“The addition of i2 doubles JDA's market for advanced planning and optimization solutions in all targeted manufacturing verticals, enabling us to address the complexities of discrete manufacturing, complement our leadership in process manufacturing, strengthen our presence in transportation and increase traction in Tier 1 and Tier 2 markets. Backed by financial strength, an impressive customer base and our unmatched services and solutions offerings, we believe that the new JDA is the world's most comprehensive supply chain software company.”

“With near-term synergies in operations, administrative functions and infrastructure costs expected to produce annual savings of approximately $20 million, we anticipate that the acquisition will significantly improve operational leverage and produce strong financial results going forward,” added Brewer.

The potential realized through the combination of these two supply chain leaders is already resonating in the marketplace.

“With its acquisition of i2, JDA is now the leading solutions provider focused on delivering world-class software and services across the global supply chain,” said Bill Bryan, director of supply chain and supply chain economics, at The Timken Company, a global manufacturer of highly engineered bearings, alloy steels and related components and assemblies. “JDA plus i2 is a powerful combination. As a long-time customer of both companies and an active member and chairman of the i2 User Group, I am looking forward to learning more about the substantial value that the new combined company can deliver to businesses worldwide.”

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