Eurazeo, a leading global investment company listed in Paris with €17.7 billion in assets under management, has announced its acquisition of Elemica, a leading cloud-enabled digital supply network. Eurazeo will support Elemica’s expansion and global growth strategy into new industry verticals, geographies, and product offerings.
Founded in 2000 by a group of the world’s leading industrial companies to provide visibility across the Global Process Industries whole supply chain, Elemica offers a suite of SaaS solutions that enables its customers to connect, automate, and have full end-to-end visibility into their supply chains. Elemica serves more than 450 customers worldwide, including 39 of the top global 100 chemical companies. Half a trillion USD in goods are bought, sold and moved annually through the Elemica Digital Supply Network.
Marc Frappier, the Managing Partner of Eurazeo Capital, said: “We are delighted to announce the acquisition of Elemica, which will join Eurazeo Capital’s U.S. investment portfolio alongside Trader Interactive and WorldStrides. Elemica is a key technology provider, operating at the heart of the global Process Industries supply chain. The company has meaningful growth potential and aligns in all respects with Eurazeo’s investment strategy. We are convinced that with our support, expertise and international network, Elemica will accelerate its development in new industries, geographies, and product offerings.”
John Blyzinskyj, CEO of Elemica added: “With Eurazeo’s partnership, we will be able to globally develop Elemica’s nearly 20-year vision of connecting the world’s leading process manufacturers to their direct material suppliers, logistics service providers, and customers. Our transatlantic operations and global ambitions make Elemica and Eurazeo very complementary partners and we look forward to achieving our growth strategy together.”