ABINGDON, UK and MADRID, SPAIN, 16 September 2024 - Achilles Information Ltd (“Achilles”), a global leader in supply chain risk and performance management, announced today that it has signed an agreement to acquire GoSupply Advanced Applications, S.L. (“GoSupply”), a prominent supply chain management company based in Spain. This strategic acquisition marks a significant step in Achilles' ongoing efforts to expand its global footprint and enhance its portfolio of supply chain solutions. 

GoSupply has established itself as a trusted partner in the Iberian market, offering an innovative platform for supplier qualification and risk management across various industries, including energy, engineering and services, industrial manufacturing, hospitality and others. Achilles is pioneering a new era of ethical, sustainable and transparent supply chain management characterised by in-depth supplier assessment, auditing and improvement encompassing a wide range of risk factors including ESG, health and safety and decarbonisation.  

This acquisition will allow Achilles to leverage GoSupply's strong regional expertise and customer base, enabling a seamless integration of services and the creation of enhanced value for clients.

Key benefits of the acquisition include:

• Expanded Market Presence: This acquisition strengthens Achilles' position in the Iberian, Latin American and broader European markets, allowing for greater reach and improved service delivery to a growing customer base.
• Enhanced Service Offerings:  By integrating GoSupply's advanced one stop shop supplier risk management solution, AI-powered supplier management tools and ESG scoring automation with Achilles' comprehensive suite of supply chain solutions, customers will benefit from a more robust and versatile platform designed to meet the evolving needs of global supply chains.
• Increased Innovation: The combined expertise and technological capabilities of both companies will drive innovation, enabling the development of new solutions that address the complexities of modern supply chain management, including sustainability, risk mitigation, and regulatory compliance.

Paul Stanley, CEO of Achilles, commented on the acquisition, saying, "We are excited to welcome GoSupply into the Achilles family. This acquisition aligns with our strategic goals of expanding our global footprint and enhancing our ability to serve our customers with the most comprehensive supply chain management solutions available. GoSupply's strong reputation and expertise in the Iberian market make them a perfect fit for Achilles, and we look forward to working together to drive even greater value for our clients."

Luis Olivié, Chairman of GoSupply, said, "Joining forces with Achilles is a tremendous opportunity for GoSupply and our customers. Together, we will be able to offer unparalleled services and support to companies navigating the complexities of today's global supply chains. 

Jaime Velasco Praga, GoSupply’s CEO, added: “We are excited about the opportunities that lie ahead and are confident that this partnership will deliver significant benefits to all stakeholders."

Matt Legg, Partner at Bridgepoint Development Capital, majority shareholder in Achilles, said: "We are excited about backing Achilles to make this acquisition, as it aligns perfectly with our strategy to accelerate growth and innovation within the supply chain management sector. Supplementing Achilles’ strong recent organic growth performance, GoSupply not only strengthens Achilles’ capabilities but also positions it as a leader in delivering comprehensive solutions to meet the evolving needs of the market.  We also remain enthused to augment an exciting, organic story at Achilles by supporting selected further acquisitions."

The acquisition is expected to close in the coming weeks, subject to regulatory approvals and customary closing conditions.  Both companies are committed to ensuring a smooth transition for customers and partners, with no disruption to current services.