Vesta Software Group acquires Greycon Ltd

Company News

Wallingford, Oxfordshire, October 12, 2018 – Vesta Software Group (“Vesta”), a portfolio group of Jonas Software (“Jonas”), is pleased to announce the acquisition of Greycon Ltd. (“Greycon”), a global leader of software solutions for the Paper & Board, Plastic Films & Flexible Packaging, Nonwovens, Metals and Converting industries.

Richard Clancy, Group CEO of Vesta Software Group, had this to say, “We are very excited to acquire Greycon, a world leader in providing a suite of roll-based and flat sheet optimisation solutions that help manufacturers streamline their production processes and increase customer service. With a presence in four different continents, acquiring Greycon gives Vesta immediate credibility and authority in paper, plastic film, nonwoven and metals verticals around the world. We look forward to working with the team at Greycon to continue to provide innovative solutions to help their customers flourish and expand strategically into new markets. Please join me in welcoming the Greycon team to the Vesta family!”

“The acquisition of Greycon is an outstanding milestone and recognition of our team’s hard work, innovations, commitment and successes over the last 30+ years,” says Dr Constantine Goulimis, CEO of Greycon. “Vesta’s mission and values align with our strategic vision and goals, our belief to provide optimal customer service and take care of our employees. We are excited to join Vesta and leverage its expertise in operating vertical market software to continue to build and innovate the most dynamic software solutions for our customers.”

About Vesta Software Group

The Vesta Software Group acquires, manages, and builds software companies in a variety of vertical markets, enabling them to be clear leaders in their industries. Our companies provide mission-critical enterprise solutions for vertical industries across the entire industry value chain.

Being a portfolio group of Jonas Software, the Vesta Software Group is all about strengthening businesses within the markets in which we compete and enabling them to grow – whether through organic measures such as new initiatives and product development, day-to-day business, or through acquisitions.

About Greycon

Founded in 1985 from the Industrial Systems Group of Imperial College of the University of London, Greycon is the world’s leading provider of production planning, scheduling, forecasting and manufacturing execution systems, which are designed specifically for roll-based & flat sheet industries. Greycon’s founders, Alex Dimitriadis, Prof. Greyham Bryant, and Dr Constantine Goulimis, have taken Greycon throughout the world with 500 sites in over 40 countries. With solutions such as X-Trim, GreyconMill, opt-Studio and Greycon Forecasting, companies can achieve lowered costs, improved production and supply chain efficiency, and increase customer service, specifically in terms of delivery accuracy, reliability and visibility and shorter lead times.

Greycon is the recent recipient of the Queen’s Award for Enterprise in International Trade for its successful overseas expansion.