M&A Deal Summary

Plex Systems Acquires Kors Engineering

On February 24, 2021, Plex Systems acquired software company Kors Engineering

Acquisition Highlights
  • This is Plex Systems’ 1st transaction in the Software sector.
  • This is Plex Systems’ 3rd transaction in the United States.
  • This is Plex Systems’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2021-02-24
Target Kors Engineering
Sector Software
Buyer(s) Plex Systems
Deal Type Add-on Acquisition

Target

Kors Engineering

Waterford, Mississippi, United States
Kors Engineering Co., Inc. is a provider of plant floor connectivity and manufacturing process automation software. Kors Engineering was founded in 1977 and is based in Waterford, Mississippi.

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Buyer(S) 1

Buyer

Plex Systems

Auburn Hills, Michigan, United States
Category Company
Founded 1995
Sector Software
DESCRIPTION

Plex Systems is the developer of Plex Online, a Cloud ERP solution for the manufacturing enterprise. Plex Online offers industry-leading features for virtually every department within a manufacturer, including Manufacturing Execution System (MES) and Quality Management System (QMS) for the shop floor, Supply Chain Management (SCM) for procurement, Enterprise Resource Planning (ERP) for finance and management, and Business Intelligence (BI) for executive management. Plex Online’s comprehensive functional coverage delivers a “shop floor to top floor” view of a manufacturer’s operations, enabling management to run its business at maximum efficiency.

DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Mississippi) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 DATTUS

Indianapolis, Indiana, United States

DATTUS, Inc. is a provider in Industrial Internet of Things (IIoT) connectivity technologies. DATTUS solutions connect manufacturing equipment and sensors to the cloud, manage high-volume data streams, and analyze in-motion equipment data to optimize performance, reduce costs, and ensure uptime. DATTUS, Inc. was founded in 2013 and is based in Indianapolis, Indiana.

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