Generix Group Announces A Stake Acquisition In Sologlobe Logistics Inc.

Montreal, QC /PRNewswire/ - Sologlobe, a leading provider of supply chain software, is pleased to announce that it has reached an agreement whereby the Generix Group will acquire a majority stake in Sologlobe Logistics Inc.

Over the years, Sologlobe has built a strong reputation by offering extensive solutions for manufacturing and distribution companies with its Warehouse Management System (WMS) and Manufacturing Execution System (MES). These solutions are built on the latest technologies and have been leading the market by offering rich functionalities and technological innovations.

According to Louis Veilleux, CEO of Sologlobe, "We were looking to accelerate growth by increasing our portfolio of Supply Chain solutions to better serve our customers. We also wanted to extend our worldwide presence. Companies that aim to optimize their supply chain are looking for broad platforms that support robust capabilities. They are also looking for a solution provider that has a global footprint. Joining the Generix Group family enables us to achieve these two strategic objectives quickly, bringing immediate value to existing and future customers."

By becoming the exclusive distributor and integrator of the Generix Group's products in North America, Sologlobe will now offer a more comprehensive portfolio of supply chain solutions. The agreement also provides rapid growth opportunities on the international market for its flagship product: SOLOCHAIN.

Jean-Charles Deconninck, CEO of Generix Group, said "We were looking for a company that shares our vision in terms of entrepreneurship and innovation, and also has a strong footprint in the North American marketplace. Sologlobe is an excellent fit and we look forward to combining our strengths in order to offer our clients the tools to build world class supply chains."

By joining the Generix Group worldwide family, Sologlobe gains access to additional resources that support its growth plan strategy. Sologlobe will be offering the extended portfolio of products to the North American market as of October 2016.

About Sologlobe
Sologlobe has been developing and implementing its best-of-breed supply chain optimization systems. A world class Warehouse Management System (WMS) and Manufacturing Execution System (MES), SOLOCHAIN is implemented in over 150 sites throughout North America. This solution allows manufacturing as well as distribution companies to optimise their operations across the supply chain. SOLOCHAIN is a web-based application that provides a scalable and easily adaptable platform that integrates the latest technologies.

For more information visit www.sologlobe.com

About Generix Group
Generix Group is a world leader in collaborative supply chain software applications with more than 5000 international customers using their products on a daily basis. Generix Group is publicly traded on the Paris Stock Exchange and maintains an extensive presence throughout Europe and in 39 additional countries via its subsidiaries, partners, and customers.For more information visit www.generixgroup.com.