M&A Deal Summary

Eyelit Acquires Optessa

On February 21, 2024, Eyelit acquired software company Optessa

Acquisition Highlights
  • This is Eyelit’s 1st transaction in the Software sector.
  • This is Eyelit’s 1st transaction in Canada.
  • This is Eyelit’s 1st transaction in Alberta.

M&A Deal Summary
Date 2024-02-21
Target Optessa
Sector Software
Buyer(s) Eyelit
Deal Type Add-on Acquisition

Target

Optessa

Edmonton, Alberta, Canada
Optessa is an optimization and AI-powered advanced planning and scheduling software. The company leverages optimization, AI, and machine learning to sequence millions of configuration options across complex, sophisticated assembly workflows, including those of automobiles. Optessa is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

Eyelit

Mississauga, Ontario, Canada
Category Company
Founded 1997
Sector Software
DESCRIPTION

Eyelit is a provider of Manufacturing Execution (MES), Quality Management (QMS), and Factory Automation solutions for visibility, control, and coordination of manufacturing operations for aerospace & defense, battery technology, electronics, and medical device, semiconductor, and solar industries. Eyelit was founded in 1997 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 MESTEC

Bracknell, United Kingdom

MESTEC is a UK-based manufacturing Software as a Service (SaaS) vendor. By eliminating spreadsheets, paper-based operations, and manual data collection, MESTEC MES delivers improved performance driven by dynamic production planning, automated shop-floor data collection, and real-time performance analytics. MESTEC is based in Bracknell, United Kingdom.

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