NEW YORK Brady Plc has acquired software provider
Systems Alternatives International LLC (SAI) for $6.5 million,
according to Bradys top executive.
Maumee, Ohio-based SAI specializes in providing software to the
recycling industry, an applications arena Brady lacked ready
knowledge of internally but wanted to enter, according to chief
executive officer Gavin Lavelle.
Cambridge, U.K.-based Brady provides transaction and
risk-management applications that help producers, consumers,
financial institutions and trading companies manage commodity
Brady specializes in metals, and I think recycling is the
perfect adjunct to that, Lavelle told AMM. The move is
also aimed at strengthening our position in North
America, Lavelle said.
The SAI team will remain with the company under current
president John Underwood after the acquisition, Lavelle said.
SAIs software systems allow clients to procure and sell
scrap; the company already counts six of the top 10 recyclers
in the United States among its clients, according to Lavelle.
Bradys client base includes more than 150 companies,
including Xstrata Plc, Norsk Hydro ASA, Koch Supply &
Trading LP and Rio Tinto Plcs Alcan Engineered Products.