Quantum Partners advises TVM Capital on the sale of iTAC shares to Dürr
Software / MES / Cloud
The digital transition is constantly generating new trends: New concepts, methods and technologies such as Digital Twins, Artificial Intelligence and Big Data are emerging, which, in the context of Industry 4.0, are some of the current challenges for medium-sized manufacturing companies. The increasing pressure to innovate and compete requires processes that can adapt flexibly to these new requirements. This is not feasible without an appropriate IT infrastructure. Complex manufacturing and supply chains create great opportunities for manufacturing execution system (MES) providers.
iTAC has developed the fastest and most scalable MES system on the market. The iTAC solution is cloud-based, designed for globally distributed factories and allows major customers with >1,000 machines at several locations to achieve ultra-fast response times in the millisecond range. iTAC converts machines in production into IP-enabled nodes that connect to the MES in the cloud. iTAC enables the “intelligent factory” of tomorrow.
After years of successful cooperation, it was the goal of some shareholders and, in particular, of the VC investors to transfer their stakes to a strategic partner who would support iTAC in its further expansion. With Dürr, a partner with the financial strength and global presence required to support iTAC’s growth and further development was found.
Founded in 1998, the company is one of the leading MES manufacturers in Germany. The iTAC.MES.Suite is a cloud-enabled manufacturing execution system that is used worldwide by companies in various industries such as automotive, electronics/EMS, telecommunications, medical technology, the metal industry and energy.
The Dürr Group is one of the world’s leading mechanical and plant engineering companies. Dürr’s products, systems, and services enable highly efficient manufacturing processes in various industries. Approximately 60% of sales are generated in the automotive manufacturing and supply industry.
About Quantum Partners
Quantum Partners GmbH, headquartered in Munich, is a specialized corporate finance advisor that supports clients in company transactions as well as in finding financing.