HeidelbergCement and Command Alkon, a global leader in comprehensive supply chain technology solutions for heavy building materials, have announced that as part of a new partnership with Thoma Bravo, a leading software investment firm, HeidelbergCement has signed an agreement to make a minority investment to acquire 45% in Command Alkon. Thoma Bravo will retain the majority ownership of Command Alkon.
Since acquiring Command Alkon in 2020, Thoma Bravo has helped guide the company to expand its solutions portfolio as well as modernized and centralized its systems and organizational structure to enhance the customer experience. As a group, Thoma Bravo, HeidelbergCement and Command Alkon expect to continue to accelerate Command Alkon’s strategy to deliver best-in-class, cloud-based solutions to better serve its customers. The addition of HeidelbergCement’s global reach and product adoption will further enable Command Alkon to scale its solutions and drive growth.
HeidelbergCement and Command Alkon believe through each company’s efforts, as well as continued collaboration with stakeholders globally, they can help advance digital transformation within the heavy building materials supply chain sector, including more transparent industry standards for seamless connectivity, improved solutions to customers’ everyday pain points (e.g., digital ticketing or Telematics), a generally increased pace in innovation, and an acceleration to customers’ sustainability efforts. HeidelbergCement will continue to autonomously own and develop HConnect, its proprietary digital product suite with more than 18000 customers.
Command Alkon has the largest installed software base in the heavy building materials supply chain sector with more than 2500 customers globally. Its comprehensive product portfolio includes software and technology for plant and site automation, materials ordering and scheduling, inventory and mix management, trucking logistics and fleet optimization, office and field operations, reporting, and analytics. More than 1000 companies use Command Alkon’s Connex platform connecting all participants across the heavy building materials supply chain – suppliers, haulers, and buyers – to empower sharing of data and digital workflows across all parties at cloud scale and make it simpler and easier for customers to do business, improve stakeholder efficiencies, and encourage greater sustainability.
The purchase agreement is subject to customary regulatory approvals, which are expected to be obtained by the end of 2021.