Last Updated on: 22nd November 2023, 07:26 am
BAADER Global SE, the renowned manufacturer and supplier of food processing machinery and solutions, has announced the acquisition of a majority stake in EMYDEX Technology, a global provider of Manufacturing Execution System (MES) software for the food processing sector. The partnership will bring together the strengths of both companies to offer enhanced digital capabilities, accelerated growth and market reach for EMYDEX, and expanded and complementary product offerings for customers in the food processing sector.
David McMahon and James Grennan, CEO and CTO of EMYDEX respectively, will remain as shareholders and retain their executive roles with the company.
Petra Baader, CEO of BAADER Global SE, expressed her delight at the acquisition, saying “This significant step promises to enhance our portfolio offerings and strengthen our digitalization division. The impressive track record of EMYDEX and its reputation within the food industry make it an ideal fit for BAADER. We warmly welcome the entire EMYDEX team to the BAADER family.”
David McMahon, CEO of EMYDEX, commented “Today is a landmark day for EMYDEX as we announce the details of our strategic partnership with BAADER. BAADER, with its similar culture and ethos, as well as the access it provides to new markets, was the ideal partner to help bring EMYDEX on the next stage of its journey.”
Dr. Norbert Engberg, CEO Digitalization at BAADER, noted, “One plus one is more than two: The global network and existing customer relationships maintained by BAADER significantly expand the market potential for both EMYDEX and BAADER. Our enhanced global presence will further solidify this position.”
The acquisition of EMYDEX by BAADER marks a significant milestone for both companies, as it enables them to offer increased value to customers through digital products, including new technologies such as AI solutions. This strategic move is in line with BAADER’s objective to lead rapid digital transformation and software advancements in the food industry.
More details on BAADER can be found at www.baader.com and EMYDEX www.emydex.com.
