M&A Deal Summary

Advantive Acquires Kiwiplan

On July 5, 2022, Advantive acquired software company Kiwiplan from ITW

Acquisition Highlights
  • This is Advantive’s 1st transaction in the Software sector.
  • This is Advantive’s 1st transaction in the United States.
  • This is Advantive’s 1st transaction in Ohio.

M&A Deal Summary

Date 2022-07-05
Target Kiwiplan
Sector Software
Buyer(s) Advantive
Sellers(s) ITW
Deal Type Divestiture

Target

Kiwiplan

Cincinnati, Ohio, United States
Kiwiplan is a developer and provider of powerful, industry specific software solutions for the corrugated and packaging industry.

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Buyer(S) 1

Buyer

Advantive

Tampa, Florida, United States

Category Company
Founded 2022
Sector Software
DESCRIPTION

Advantive’s industry-specific software solutions streamline complex manufacturing and distribution processes, optimize operations visibility and throughput, and drive improved quality, profitability, and revenue growth. The new company offers Enterprise Resource Planning (ERP), Manufacturing Execution Systems (MES), and Statistical Process Control (SPC) software solutions for specialty manufacturers and wholesale distributors. Advantive was founded in 2022 and is based in Tampa, Florida.


DEAL STATS #
Overall 1 of 8
Sector: Software M&A 1 of 6
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 2
Country: United States M&A 1 of 6
Year: 2022 M&A 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 PQ Systems

Dayton, Ohio, United States

PQ Systems provides solutions to help manufacturers optimize process performance and improve product quality. The company’s scalable solutions include SQCpack® for statistical process control and GAGEpack® for measurement intelligence. PQ Systems was founded in 1984 and is based in Dayton, Ohio.

Buy -

Seller(S) 1

SELLER

ITW

Glenview, Illinois, United States

Category Company
Founded 1912
Sector Manufacturing
Employees44,000
Revenue 15.9B USD (2024)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.


DEAL STATS #
Overall 14 of 14
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 13 of 13
State: Ohio M&A 1 of 1
Country: United States M&A 12 of 12
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 MTS Systems - Test & Simulation Business

Wallingford, Connecticut, United States

MTS Testing and Simulation is a highly innovative, customer-focused solution that can help bring them to life with speed, efficiency, and confidence.

Buy -