Nulogy, a provider of manufacturing supply chain solutions, has acquired Mingo Smart Factory, a leader in manufacturing productivity technology, for an undisclosed sum.
Mingo Smart Factory offers real-time manufacturing analytics tools that enable manufacturers to optimize operations, reduce waste, and improve overall productivity. Their solution provides scalable, real-time insights into factory floor productivity, from sensors to data collection to analytics.
The acquisition will allow Nulogy to offer a more comprehensive solution suite to optimize manufacturing operations, enhance productivity, and enable greater agility in responding to market changes. This move aligns with Nulogy's vision to become a leader in digital transformation solutions for external manufacturing operations and the extended supply chain.
Analyst QuickTake: In September 2024, Nulogy received USD 15 million in credit facilities from CIBC Innovation Banking to expand operations. This acquisition is a result of this expansion effort.
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