September 14, 2020
Armac Systems is pleased to announce the management buyout from SR Technics. Over the past decade, the powerful inventory planning, decision support and optimization capabilities of Armac’s RIOsys software were developed and refined in close collaboration with SR Technics’ Component Services. As Integrated Component Services is now ramping down, there is no longer a critical need for the services that Armac Systems provides to be retained as an in-house capability. In this regard, Armac Systems is relaunching as a separate entity.
Micheál Armstrong and Mark Stacey, the heads of Armac Systems, have been strong supporters of the buyout, as has SR Technics Chief Executive Officer and Armac Systems exiting board member Jean-Marc Lenz. With a platform that optimizes the supply chain right from demand forecasting through to provisioning and deployment, the company is well positioned to integrate with its customers current system landscape. Additionally, its proprietary software, RIOsys, will form a core component of the supply chain digital transformation complimenting new digital technologies such as predictive analytics and blockchain.
Commenting on the MBO, CEO of Armac Systems, Micheál Armstrong said
“In close collaboration with our customers, Mark and I have dedicated ourselves for over a decade to making RIOsys the best of breed solution for MRO inventory optimization. We are very excited to lead Armac into this new phase and we see a real opportunity to help our customers in a time of great challenge and change for the industry. Although there will certainly be a paradigm shift we strongly believe that aviation will have a bright future and digitalization of the supply chain will form part of that future. Armac’s RIOsys software sits at the heart of planning this new digital supply chain landscape and we look forward to playing our part to support our customers enable the revival.”
“Armac Systems offers a best-of-breed solution in its class,” said Matthias Düllmann, Chief Financial Officer at SR Technics and exiting member of the board at Armac Systems. “We are grateful for the successful partnership we have had with Armac Systems during the past 6 years, during which we jointly developed a solution that enables data-driven decisions which are of vital importance for every MRO business.”
About Armac Systems
Armac Systems is at the forefront of new-generation, intelligent MRO inventory planning systems and solutions. With a strong focus on supporting airlines and MRO providers, we have saved millions for aviation organizations. Our solution has been developed in collaboration with Academic Institutions and industry leaders’ leveraging scientific research and the latest advances in big data business intelligent techniques.