Armac Systems Announces Management Buyout

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.

 

Website updates coming soon!

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Global Aerospace Summit – The Future of Supply Chains

Micheal Armstrong Armac Global Aviation Summit

Armac Systems CEO, Micheál Armstrong speaking about The Future of Supply Chains at the Global Aerospace Summit in the UAE recently.

Micheál and the panel which was moderated by Michele Mauri, Managing Director of Alix Partners, discussed how the aerospace sector will react to profound changes in how we create and manufacture products and reassess the design of supply chains.  They also explored the opportunities for future supply chains and what difference new technologies will make to customisation and last mile product optimisation.

Global Aerospace Summit Armac Systems

Micheal pictured here with Yannick Reghenaz – Head Manager, AAA Middle East; Michele Mauri –Managing Director, Alix Partners and Erik Goedhart – Senior Vice President, Global Head of Aerospace & Industrials, Kuehne + Nagel.

Global Aerospace Summit

The 2018 Summit will focus on what the aerospace industry means for people – how aerospace helps advance mankind and how we can build the human capital we need to develop our industry. In a time of international unpredictability, the Summit will look at what OEMs, airlines and policy makers need to do to enable our people to thrive in a data driven, digital world.

 

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New Head of Implementation Consulting

Niall-O'Toole-Armac-Systems

We are delighted to welcome Niall O’Toole to Armac Systems to head up our Implementation Consulting team.

Niall joins us after a career in the military most recently with the Australian army, where he served as Lieutenant Colonel.  He brings extensive experience in aviation logistics, maintenance and supply management.  He holds a B.Sc in Electrical Electronic Engineering, a Masters Degrees in Leadership, Management and Defense Studies and also a Masters in Airborne Radar.

Irish Trade Mission and Dubai Airshow

We were delighted to participate in the recent Irish Trade Mission to the Middle East, centred around the Dubai Airshow and lead by Ireland’s Deputy Prime Minister, Frances Fitzgerald and Enterprise Ireland; the government agency responsible for supporting the development of sectors such as software and aviation.

Iberian Airlines Armac Systems

Armac signs inventory optimization agreement with Iberia

Armac Systems, a world leading provider of inventory optimization software and consulting services for the aviation industry, is pleased to announce that it has signed a five-year inventory management agreement with Iberia.

Armac CEO at MRO Europe

Micheál Armstrong, founder and CEO of Armac Systems, will be moderating a panel discussion at MRO Europe 2017, which runs from October 3rd to 5th  in London’s ExCeL conference centre.

John Matthews joins our Consulting Team

We are delighted to announce that John Matthews joined our Implementation Consulting team recently.  An honors Computing graduate of DKIT, John comes to us with a wealth of implementation consulting experience in the Financial Services, Construction and Engineering business sectors.

New Release of Armac’s RIOsys Inventory Optimization Software

Armac Systems is pleased to announce RIOsys Release 9.5 of its award winning inventory optimization software.  This release includes significant enhancements to its Consumables and Expendables support, particularly in the area of RIOsys Workbench, which guides the Inventory Planner on a daily basis, identifying what actions need to be taken in order to maintain optimal spare parts in the right locations to meet planned and probabilistic demands to support checks and non-routine maintenance actions.