Investment in Supply Chain Software. Relex acquires Forecast.

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Integral service around a transaction
BY : Diego GutiérrezFebruary Wed, 2018

We review the largest investment rounds in companies specialising in the development of supply chain management software. In addition, we analyse the acquisition of the Spanish company Forecast Solutions by Relex Solutions.

We review the largest investment rounds in companies specialising in the development of supply chain management software. In addition, we analyse the acquisition of the Spanish company Forecast Solutions by Relex Solutions.

About Forecast

Forecast Solutions is a Spanish company that is part of the T-Innovadedicated for more than 30 years to the development of process automation technologies and management software with more than 300 customers in different areas of production activity.

The company specialises in supply chain optimisation, offering solutions focused on increasing productivity and efficiency in companies. Forecast develops its own software and is also the official distributor of Relex Solutions for Spain and Portugal.

Forecast's supply chain management technology focuses on the following functions:

  • Demand Planning and Forecasting
  • Inventory optimisation
  • Replenishment management
  • S&OP and IBP

Its customers, who come from all kinds of sectors, such as food, electronics, textiles and fashion, personal care and DIY, include companies such as Serhs, DeLonghi, Kenwood, Braun, Polti and Biogran, among others.


Relex Solutions acquires Forecast Solutions

The Finnish company Relex Solutions, provider of integrated solutions for planning in the Retail sector, has acquired Forecast Solutions, its Spanish distributor since 2016.

With this transaction, the amount of which has not been disclosed, Relex aims to increase its presence and investment in the Spanish market. In this way, Forecast Solutions' headquarters in Barcelona will become Relex's 11th international office, as a platform for the Latin American market.

Relex Solutions has partnered with Forecast Solutions, a demand and supply chain planning specialist, since becoming its Spanish distributor in 2016, and together they have closed a number of key deals in Spain. "Our companies have in common a complete dedication to our customers' success and to providing them with the best possible systems. This dedication has already proven successful in driving new business," explains Mikko Kärkkäinen, CEO of Relex Group.

Relex's R&D and project management resources, coupled with the Barcelona team's local supply chain expertise, place the retail planning and optimisation company in an ideal position to explore the growing interest of Spanish retailers in demand forecasting, replenishment, space and assortment management solutions, helping their customers to increase service levels while decreasing inventory and shrinkage.


Supply Chain Software Investment Rounds


Net Financial Debt31,9101,3
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