Progress Software Development, a Progress Group company, has acquired the renowned software company L.I.C. in the Netherlands. With this strategic alliance it expands its competence in the field of reinforcement solutions. Together with L.I.C., Progress Group will strengthen its market position and broaden its software portfolio, allowing for significant advancements in the industry.
L.I.C. has been developing software for the reinforcement industry for 30 years, making it an expert in machine control in the reinforcement industry. To secure the company's long-term future, L.I.C. searched for a strategic partner and chose Progress Group, with which it had been cooperating for a long time already. The Progress Group, expert in machinery and software solutions for rebar processing, saw this as an excellent opportunity to expand and strengthen its software portfolio.
The management of Progress Software Development says: “We are delighted to welcome L.I.C. to the Progress Group and look forward to combining our strengths and leveraging the synergies between the two companies.” This guarantees continuity and future growth for all customers, as Progress Group is committed to ongoing development and state-of-the-art solutions.
A win-win situation for both companies to create progress together in the reinforcement industry.