Acuity advises Locus Software on its sale to Kaleris

Kaleris, a global provider of leading supply chain optimisation technology, has acquired Locus Software, an operations management system for carriers. Kaleris is backed by Accel-KKR, a technology-focused private equity firm with a track record of investing in supply chain management software and solutions.

Locus Software, based in the U.K., offers more than 18 years of deep ocean shipping expertise using modern technology. Locus’ Odyssey cloud platform is a new generation of carrier solution that is easy to integrate, intuitive to use, and available anywhere at any time.

The acquisition expands Kaleris’ offering for ocean carriers and shipping lines, creating a comprehensive solution that directs end-to-end workflows from quoting and booking through stowage planning and cargo operation monitoring. The new carrier operations management system will be integrated with the Kaleris Execution Visibility Platform, connecting shippers, carriers and terminals to real-time cargo movement information within one connected ecosystem.

“The unique design of Locus Software’s technology delivers the collaboration and connectivity essential for ocean carriers’ operations without the burden of significant integration effort and cost,” said John Squire – Locus CEO. “Our focus has been to deliver value, faster. As a part of Kaleris, more carriers and shipping lines will experience the difference of having a single pane view across all their activities and stakeholders.”

John Squire, CEO of Locus Software said:

“The Acuity team very quickly got up to speed with our solution, value proposition and understanding of the strategic industry impact should we find the right partner to acquire our business. With their continual guidance, tireless effort and well proven process, we achieved an optimum outcome which will be a defining moment in the creation of the leading connected solution for the entire maritime supply chain.”

Arthur Voncheck, Exec-Chair of Locus Software said:

“It was impressive to see how Acuity controlled the whole process, managing expectations through the most challenging moments to ensure we achieved such an excellent outcome for our business, our employees and our customers. Throughout, their team acted both as advisors and advocates helping to steer our actions, coaching key members of the executive team and ensuring the best outcome for shareholders. Without their expertise and commitment to our objectives we would never have achieved this outcome.”

David Copp, Director at Acuity said:

“We are delighted to have played a key role in securing a great outcome for John and his team at Locus. The strong strategic fit and cultural alignment with Kaleris offers a great opportunity for the Locus team and its customers. We’re excited to see what the two businesses can do together to further innovation in the supply chain optimisation market.”