German company HeidelbergCement secures 45% of local tech firm Command Alkon.

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A German company has made a minority investment in a Birmingham supply chain tech company.

HeidelbergCement, a German-based manufacturer of building materials and solutions, has signed an agreement to make a minority investment to acquire 45% in Command Alkon. This deal is part of HeidelbergCement’s new partnership with San Francisco-based software investment firm Thoma Bravo, which acquired Command Alkon in 2020. Thoma Bravo will retain the majority ownership of Command Alkon. Exact financial figures were not disclosed.

“This partnership is a unique opportunity to accelerate digital change across the heavy building materials supply chain,” said Phil Ramsey, CEO of Command Alkon. “HeidelbergCement is a leading industry player, and their investment is a validation of our strategy, solutions and the outstanding customer experience we offer. This transaction will better position Command Alkon to enhance our support to all customers, expand our geographic footprint and execute our transition to the cloud. We look forward to continuing to benefit from our partnership with HeidelbergCement and Thoma Bravo as we continue to provide automation and business process technologies that deliver value to our customers and stakeholders across the construction industry.”

Read the Business Journals full report.