HeidelbergCement making minority investment in Command Alkon

HeidelbergCement is making a minority investment in Command Alkon.

Command Alkon CEO Phil Ramsey shared the announcement in a letter to customers and industry partners.

“[HeidelbergCement] is investing in our company to support their own business goals of driving broader digital adoption,” Ramsey says in the letter. “By combining the broad reach of our technologies with a mutual commitment to digital advancement for the industry, we can accelerate our strategy to deliver best-in-class, cloud-based solutions that benefit all our customers and industry partners.”

Thoma Bravo, a software investment firm, will continue as Command Alkon’s majority shareholder.

“As part of our strategy ‘Beyond 2020,’ our clear goal is to become the first industrial tech company in our sector,” says Dominik von Achten, chairman of the managing board at HeidelbergCement. “We have made significant progress in our independently developed HConnect digital customer experience since its development in 2018.

“The investment in Command Alkon and the partnership with Thoma Bravo now allows us to monetize the hidden potential of our assets and translate it into a new growth path for HeidelbergCement,” von Achten adds. “Together, we will build the digital ecosystem of the future for the heavy building materials industry.”

Command Alkon maintains day-to-day management of the business, according to Ramsey.

“We will continue to work with you (customers) as we always have,” he says. “There will be no changes to our relationship or our commitment to enhancing customer service, maintaining best-in-class data security, and delivering technologies that provide value to all industry stakeholders.”

HeidelbergCement’s purchase agreement is subject to customary regulatory approvals, which Command Alkon expects to obtain by the end of 2021.