ToolsGroup Acquires Evo
September 27, 2023
ToolsGroup has acquired Evo, an AI/ML provider of pricing and inventory prescriptive analytics, to integrate Evo's responsive AI, quantum learning, and advanced prescriptive capabilities into ToolsGroup’s SO99+ and JustEnough supply chain and price optimization suites. The acquisition strengthens ToolsGroup’s dynamic planning and price-optimization capabilities and is supported by ToolsGroup’s private-equity backer Accel‑KKR.
- Buyers
- ToolsGroup
- Targets
- Evo
- Industry
- AI & Machine Learning
- Location
- Piedmont, Italy
- Transaction Type
- Buyout
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