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Logility Supply Chain Solutions, Inc. (LGTY) is a software company headquartered in Atlanta, Georgia, specializing in supply chain planning solutions. The company offers a range of products and services designed to optimize supply chain operations, including software subscriptions, licenses, professional services, and maintenance agreements. Its primary focus is on providing tools that enhance supply chain efficiency and decision-making for businesses.
- Supply Chain Management (SCM) - Provides subscription-based software solutions, licenses, and professional services for supply chain planning, including implementation, training, and consulting. Revenue is primarily derived from subscription fees, maintenance agreements, and professional services.
- Other - Includes revenue from non-core activities, contributing a smaller portion to the company's overall operations.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Garvis AI Limited | 2023 | Completed on September 5, 2023, the acquisition was executed for $25.0 million net of cash, including key assets such as current technology (valued at approximately $9.0 million), non-compete agreements, and approximately $16.2–$16.9 million in goodwill. The deal is strategically aimed at enhancing Logility’s Digital Supply Chain Platform with its AI-native demand forecasting solution, DemandAI+. |
Starboard Solutions Corp. | 2022 | Effective June 28, 2022, this acquisition was structured for approximately $6.5 million in cash with an earnout potential of up to $6.0 million over three years. It involved the purchase of assets such as goodwill, current technology, customer relationships, and non-compete agreements, which together bolster Logility’s supply chain network design capabilities and integrate a digital twin into its platform. |
Recent press releases and 8-K filings for LGTY.
- Acquisition Completed: Aptean acquired Logility Supply Chain Solutions, Inc. for $14.30 per share in cash on April 4, 2025, resulting in Logility becoming a wholly-owned subsidiary with Nasdaq delisting and subsequent board/management changes.
- Special Meeting Vote: On April 3, 2025, with 82.86% of eligible shares (record date: March 3, 2025), shareholders approved the Merger Agreement Proposal with Aptean, subject to customary closing conditions.
- The meeting also featured a non-binding advisory vote on executive compensation, rendering an adjournment vote unnecessary.
- Merger Agreement: On January 24, 2025, Logility entered into a merger agreement with Aptean, which includes a cash offer of $14.30 per share and will result in Logility becoming a wholly owned subsidiary of Aptean.
- Shareholder Vote Scheduled: A special meeting is set for April 3, 2025, at the company's Atlanta headquarters to vote on the merger and related proposals.
- Supplemental Disclosures & Valuation Analysis: The company issued supplemental disclosures amending its proxy statement to address management employment considerations and to provide Lazard’s valuation analysis, which implies an equity value range of $12.75 to $17.28 per share.
- Pending Litigation: Logility is facing lawsuits and demand letters from shareholders alleging disclosure deficiencies in its proxy documents regarding the merger.
- Logility Supply Chain Solutions, Inc. entered into a merger agreement with Aptean, Inc. and its subsidiary on January 24, 2025, setting the stage for an acquisition by merger.
- The merger received clearance under the UK National Security and Investment Act on March 25, 2025, and is expected to close in the second quarter of 2025, pending customary conditions.
- The report includes forward-looking statements that outline the expected benefits and risks associated with the proposed transaction.
- Merger Agreement Executed: Logility entered into a merger agreement with Aptean and its subsidiary, with Logility set to continue as a wholly owned subsidiary post-merger.
- HSR Waiting Period Expired: The waiting period under the Hart-Scott-Rodino Act expired on March 10, 2025, satisfying a key condition, with the merger expected to close in Q2 2025 pending additional regulatory and shareholder approvals.
- Shareholder Information Provided: A definitive proxy statement was filed on March 4, 2025, and shareholders are urged to review all related documents for further details on the transaction.
- Logility Supply Chain Solutions, Inc. has received an unsolicited non-binding proposal to acquire all its outstanding shares for $15.00 per share in cash, pending due diligence.
- The Board of Directors has determined this proposal is expected to lead to a superior offer compared to the previously announced all-cash acquisition by Aptean at $14.30 per share.
- Despite initiating discussions with the unsolicited bidder, the Board reaffirmed its recommendation for shareholders to vote in favor of the Aptean transaction.
- Bidder’s unsolicited proposal has been withdrawn, and the company has ceased all discussions with the bidder.
- The Board reaffirms its recommendation for shareholders to vote in favor of the all-cash acquisition by Aptean at $14.30 per share.