Eyelit Acquires Innovative Multi-Tenant Cloud Based Mes/Mom Leader Mestec

May 16, 2022•about 3 years ago

Acquiring Company

Eyelit

Acquired Company

Multi-Tenant MESMOM Leader

TorontoManufacturing

Description

MESTEC, a Bracknell, UK based manufacturing Software as a Service (SaaS) vendor has been acquired by Eyelit, a leader in Manufacturing Execution (MES), Quality Management (QMS), and Factory Automation solutions. The partnership of the two customer-centric solution providers will enable Eyelit to provide manufacturing software solutions to a broad set of industries.

Company Information

Company

Eyelit

Location

Toronto, Ontario, Canada

About

For more than 20 years, Eyelit Technologies has enabled significant gains by many of the world’s most innovative and sophisticated manufacturers. Its Manufacturing Execution System (MES), Quality Management (QMS), Automation software platforms, and AI-based predictive analytics, have delivered speed-to-value though its highly configurable cloud-based MES. These capabilities are utilized across the globe, supporting the manufacturing of automobiles, battery technology, medical devices, semiconductors, and an increasing number of highly engineered products. With Banneker Partner’s investment and an enduring drive for category leadership, Eyelit Technologies has become the fastest-growing brand in the manufacturing technology space.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

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