Softline Group buys 51% of consulting co Omegalliance, to consolidate 100% in three years
MOSCOW. June 27 (Interfax) - Softline Group (PJSC Softline ) has acquired a 51% stake in Omegalliance Group (Operations Management Engineering Alliance), a company that specializes in consulting and integrated solutions in operations management for manufacturing companies, the Russian IT group said in a press release.
Softline plans to consolidate 100% of shares in Omegalliance within three years after the transaction. The price of the deal was not disclosed.
The group said that a substantial portion of the deal was paid for with PJSC Softline shares. In a disclosure of material facts, the company said its subsidiary Softline Industrial Soft LLC (SL Promsoft LLC) sold 1,572,550 shares in the parent company equivalent to about 0.4% as part of mergers and acquisitions on June 24.
Under the terms of the deal, the selling side will be subject to restrictions on disposal of the Softline shares for five months after its completion. After this period, the selling side cannot dispose of more than 10 million rubles worth of Softline shares per trading day.
"Such an approach minimizes the burden on the company's balance sheet, limits the potential influence on the market price of PJSC Softline shares and also additionally motivates the founders of the businesses that are becoming part of the group as a result of the M&A transactions to achieve high results," the company said.
Within Softline Group's orbit, Omegalliance will become part of the industrial software segment SL Prom Soft (FabricaONE.AI cluster) represented by the solutions OMZ-IT and Visitech.
"The combination of Omegalliance's many years of expertise in rolling out the solutions of leading Western vendors with the products of OMZ-IT and Visitech will make it possible to create a unified software ecosystem for manufacturers," the group said.
Omegalliance provides professional services in the area of operations management, including design and introduction of organizational systems and processes that maximize efficient use of materials, human resources, equipment and production facilities in the process of manufacturing products or providing services. Omegalliance Group includes three subsidiaries, each responsible for a separate area of the business: Enterchain, integrated planning and supply chain management; Exeplant, manufacturing execution systems; and Maintex, strategic asset management.
Omegalliance posted revenue of more than 500 million rubles in 2024 with an operating margin of 30%. The company is expected to significantly expand its business in 2025 and increase turnover by 70%-85%, the press release said.
"Omegalliance has huge synergy potential with Softline Group. Already this year, savings thanks to back office optimization will make it possible to increase the acquired company's EBITDA by 50%, while potential total cross sales together with Softline Group's portfolio solutions could exceed 600 million rubles in 2025. The addition of [Omegalliance's] team of top professionals will make it possible to significantly expand Softline Group's competencies in the area of developing and integrating software for capital-intensive sectors of industry," the press release said.
"The acquisition of Omegalliance is an important step in the implementation of our strategy to create an integrated industrial software ecosystem. This avenue opens up access for Softline Group to the rapidly growing market for digital transformation of capital-intensive sectors, where demand for domestic solutions has never been so high. We expect that this transaction will be followed by others. Softline Group is implementing its M&A strategy to strengthen expertise in narrowly specialized industrial products and become a key player in this segment," Softline CEO Vladimir Lavrov said in the press release.
Softline Group (PJSC Softline) is an investment and technology holding comprising several clusters - artificial intelligence and custom/off-the-shelf software development; high-tech equipment manufacturing including computer systems and laser technologies; information security solutions development and implementation of complex IT projects.
PJSC Softline's charter capital totals 600,000 rubles, divided into 400,002,000 ordinary shares with par value of 0.0015 rubles. The company's shares trade on the Moscow Exchange. The largest shareholder, Atalaya LLC, owns 42.17% of shares. Softline-controlled companies hold 14.27%, management and board members own 4.8%, institutional investors hold 18.3% and other shareholders own 20.46%.
