Home > News > Industry News > Glaston sells A+W to Friedman parent company

Glaston sells A+W to Friedman parent company

Post Time:Nov 12,2012Classify:Industry NewsView:51

Glaston Corp.announced it has reached an agreement to sell its Albat+Wirsam Software subsidiary toConstellation Software Inc., parent company of industry software supplier Friedman Corp. The value of the deal is estimated at EUR 18 million (about $23 million) and is expected to close by the end of the year. Headquartered in Linden, Germany, A+W develops and markets ERP, production planning and scheduling, and optimization software solutions for the glass, window, door and curtain-wall industries. Glaston announced in October that it was looking to sell the business so it could focus solely on the glass processing machinery market. As a result of the purchase, the A+W business will become part of Constellation’s Friedman Operating Group. A+W will operate as an independent division of Friedman, and will continue to develop, enhance, and market their glass and fenestration industry software solutions worldwide, according to a November 12 Glaston release.

Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/glaston-sells-aw-friedman-parent-company-1210523Author:

Hot News