Paris, December 1st, 2022
Aptean, a global provider of mission-critical enterprise software solutions, announced its acquisition of Mistral Group, a French provider of enterprise resource planning (ERP) solutions designed for dealers and distributors of agricultural and construction equipment. Aptean acquired Mistral from private equity investor Omnes Capital and other private shareholders.
Founded in 1980 and based in Clermont-Ferrand, France, Mistral ERP solution is used by over 500 equipment dealers, distributors, repair shops and rental specialists that rely on its solutions to support the needs of their businesses. Mistral’s integrated and modular solution is verticalized to fit these industry sub-segments with features including accounting and financial activities, equipment rental, sales and distribution, maintenance and repair, supplier and transportation management. Mistral’s solution is further enhanced by complementary modules to address mobility functions such as roving technicians, fleet management and customer relationship management.
Aptean’s acquisition of Mistral expands the breadth of its industry-specific ERPs in France. Aptean will leverage its global scale, resources and technological expertise to accelerate adoption of Mistral’s cloud-based solutions within the equipment industry, while broadening the solutions that Mistral can offer to its existing customers.
“We are excited to add capabilities to support equipment dealers and distributors in France to our ERP offerings, said Duane George, GM, EMEA and APAC, at Aptean. “The talented Mistral team brings decades of experience to the development of its applications and shares Aptean’s commitment to delivering an exceptional customer experience, backed by deep industry expertise.”
“Aptean and Mistral are aligned in a mission to provide customers with tailored, integrated solutions that provide a measurable return on investment. Together with Aptean, we will accelerate the delivery of our new cloud-base ERP offering and expand our capabilities to support equipment dealers, distributors and rental companies in their digital transformation journey, across France and beyond,” said Fabrice Le Camus, CEO at Mistral.
Laurent Espic, Managing Partner, Omnes Capital (lead investor on the MBI carried out in 2018) commented, “Mistral Group is one of the longstanding players in its market. After five years of development and structuring, under the responsibility of Fabrice Le Camus, the company has strengthened its capacity for innovation and led a change in its business model (Saas). We are confident in its ability to tackle these new challenges in the company’s next phase of growth.”
Alexandre Odin, Partner at DDA & Company concludes “Mistral Group has successfully built a unique competitive position on the market underpinned by an historical industry expertise, combined with relentless innovation and a very committed team. APTEAN adds a great asset to its portfolio. APTEAN’s vertical market software DNA will support Mistral’s business model transformation and consolidate the group’s domestic and international expansion. We wish fair winds to Mistral’s team…”