SR Technics has announced the management buyout of Armac Systems, an SR Technics subsidiary providing inventory optimisation software and consulting services.
The company confirms the buyout is part of its restructuring measures aiming to mainly focus on engine services. The inventory planning, decision support and optimisation capabilities of Armac’s RIOsys software have been developed and refined in close collaboration with SR Technics’ Component Services over the past decade.
The heads of Armac Systems, Micheál Armstrong and Mark Stacey, and SR Technics chief executive officer and Armac Systems board member Jean-Marc Lenz are all strong supporters of the buyout.
SR Technics says that, as Integrated Component Services is now ramping down, there is no longer a critical need for the services that Armac Systems provides to be retained as an in-house capability and that the launching of Armac Systems as a separate entity is part of a new company-wide strategy by SR Technics to build a focused engine services portfolio that meets customer needs in a dynamic market.
The company says it is well positioned to integrate with its customers’ current system landscape with a platform that optimises the supply chain from demand forecasting through to provisioning and deployment. Additionally, its proprietary software, RIOsys, will form a core component of the supply chain digital transformation, complimenting new digital technologies such as predictive analytics and blockchain.
SR Technics chief financial officer and member of the board at Armac Systems, Matthias Düllmann says Armac Systems offers a best-of-breed solution in its class. “We are grateful for the successful partnership we have had with Armac Systems during the past six years, during which we jointly developed a solution that enables data-driven decisions which are of vital importance for every MRO business.”