Seattle, WA, June 4, 2024 — Corum announces today that their client, Ireland-based OEEsystems International, a pioneer in Overall Equipment Effectiveness (OEE) software solutions, has been acquired by Sweden-based MaintMaster. The acquisition strengthens MaintMaster's European footprint and expands its customer base in the UK and Ireland Markets, while OEEsystems' cutting-edge OEE solutions complement MaintMaster's maintenance management expertise.
“We are impressed with what the OEEsystems team have built, and Corum is pleased to have brought these two organizations together given their excellent synergies,” said Brendan O’Brien, senior vice president, who led the transaction for Corum Group. “The acquisition by MaintMaster brings two complimentary industry leaders together, and we are excited to witness the combined teams’ continued success.”
“Corum’s in-depth understanding of the industry coupled with their extensive M&A expertise helped us to effectively position our business to promote our strengths and to highlight the future potential of our business. They took the time to understand our goals for the sale of the business and succeeded in facilitating a sale that exceeded these goals, ensuring that MaintMaster had a clear understanding of the real value that we are bringing to their business. I am delighted that we chose the Corum Team, whose skills, knowledge, experience and hard work successfully guided us though all phases of the acquisition and delivered a superb result for our business,” said Arthur Stone, founder of OEEsystems.
Corum is the world's leading educator on tech trends, valuations, growth strategies and Tech M&A. Corum will host a half-day online workshop, Selling Up Selling Out, on June 11. Tech CEOs and founders will learn to prepare, position, research, value, negotiate and execute due diligence for maximum price and optimal structure in an M&A transaction. To register, visit www.corumgroup.com/events.
About Corum Group
Corum Group is the global leader in merger and acquisition services, specializing in serving sellers of software and related technology companies worldwide. With offices globally, Corum has completed over 500 software M&A transactions over the last 37 years. Corum's M&A advisors are highly experienced former tech CEOs, supported by industry-leading researchers, writers and valuators. For more information, visit www.corumgroup.com.
About OEEsystems International
For more than 20 years, OEEsystems International has been a global leader in Overall Equipment Effectiveness (OEE) and Operational Excellence. OEEsystems work with the world’s most progressive manufacturing companies to increase capacity, reduce costs, improve product quality and drive continuous improvement. Their unique record of combining their Smart Factory OEE Software, PerformOEE™, with their proven methodology delivers real-time visibility, analysis and control of manufacturing performance.
Serving a diverse and international client base, PerformOEE™ is multi-lingual and is currently deployed by enterprises in over 20 countries across essential manufacturing sectors, such as food and beverage, pharmaceutical and medical devices. For more information, visit www.oeesystems.com.
About MaintMaster
MaintMaster is the leading supplier of Maintenance Management Systems in Sweden and has a fast-growing customer base in the DACH region and the UK. MaintMaster offers a cloud-based solution that is available in 20 languages with customers in 25 countries. The company has offices in Sweden, Germany, the UK, and Vietnam.
MaintMaster seeks to empower maintenance people with a tool that can adapt to all their processes, giving them control and maximizing results. This is important because maintenance plays a crucial role in sustainable, safe and efficient production. For more information, visit www.maintmaster.com.
Corum Contact:
Heidi Owen
+1 425-526-3107
heidio@corumgroup.com