Softline Group announces the acquisition of a controlling stake in OMZ – Information Technologies (OMZ-IT LLC) and the beginning of a strategic partnership with OMZ Promising Technologies Group (OMZ PT). OMZ IT is an IT holding specializing in the engineering of innovative digital solutions for industry, part of the OMZ Advanced Technologies Group.
As a result of the transaction, Softline Group will significantly expand its presence in the market of solutions for the digital transformation of the industrial sector by forming an industrial cluster of software products and solutions. OMZ-IT's portfolio of software assets includes a number of digital products for automating key processes and tasks of industrial enterprises, including:
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Digital information models of enterprises, equipment and systems
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Capital Construction Project Management
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Design and technical documentation and management of 3D models
and other solutions. These products are successfully exploited by the largest Russian corporations in industry, construction, energy, petrochemical and other industries.
OMZ-IT solutions will become the core of a new industrial cluster of products for managing industrial enterprises at all stages of their life cycle, formed on the basis of the Softline – SL Soft product subholding. Further development of the cluster implies consolidation of the market of import-independent solutions in the field of management and operation of industrial assets.
As stated by the Managing director of SL Soft Victor Weinstein: "SL Soft consistently implements the strategy of forming industrial clusters to automate specific tasks for each industry. OMZ-IT's software assets will form an industrial cluster for industry in synergy with VISITECH's products for occupational safety and industrial and environmental safety, which joined the SL Soft portfolio in May this year. The integration of industry-specific software with modern intelligent automation technologies from SL Soft will allow us to offer our customers comprehensive solutions covering a wide range of industrial enterprise management tasks."
"As an integrator of technological solutions linking industrial corporations with the latest technologies, we provide major players in the Russian economy with modern digital developments. We are pleased that OMZ IT is entering a new phase of development with the help of the recognized IT market leader Softline Group, which will stimulate the development of product assets and provide access to them to a wide customer base," commented Roman Kuvshinov, CEO of OMZ Promising Technologies Group. Expanding the portfolio of proprietary software and developing industry-specific product lines are among the key priorities identified by Softline Group in its development strategy until 2030. The formation of clusters of industry-specific products will allow the group to respond to the growing demands of large customers in the field of digital transformation and offer the market a set of mature import-independent IT solutions.
The deal with OMZ-IT can provide up to 25% of the previously announced increase in the Group's projected EBITDA (according to the pro forma), according to which, if all mergers and acquisitions targeted by the Company are successfully completed, EBITDA may grow to 10 billion rubles by the end of 2024. The previously published forecast assumed an increase to 6 billion rubles. The details can be found at the link.
Please note that this press release is based on materials provided by the company. AK&M Information Agency shall not be held liable for its contents, nor for the legal and other consequences of its publication.
