Expected opportunities in the recycled metal market have led commodities market software firm Brady to take over rival Systems Alternatives International (SAI).
Both are involved in providing software in the energy, metals and commodity markets.
Ohio-based SAI has, since its foundation in 1981, specialised in providing the non-ferrous and ferrous scrap and secondary metals industries, with integrated software for financial, commercial and operations management.
Brady said it saw the purchase of SAI as a key step in developing its metals business because the global metals recycling market was estimated to be worth $200bn a year but was “serviced by a fragmented array of software vendors”.
The purchase would allow Brady, based in Cambridge for its UK operations, to offer an “end-to-end solution from scrap yard to accounting for the supply-chain management, profit margin analysis and forecasting for recycling organisations in the ferrous, non-ferrous, paper and steel sectors”.
Brady chief executive Gavin Lavelle said: “This acquisition further strengthens our product offering to the market by complementing our existing financial and risk management capabilities and provides new cross-selling and other growth opportunities.”