Forma Innovations has strengthened its retail technology capabilities with the acquisition of Sofco. The transaction was supported by Shawbrook through an increase to its existing facilities.

Sofco is a leader in global demand and supply chain planning, serving blue-chip clients across the UK, US, and Europe for over 25 years.

By bringing Sofco into the group, Forma now offers retailers a unique end-to-end partnership with mission-critical software and services, and a unified platform that gives customers greater visibility and control throughout their businesses.

Keith Noble of Sofco Limited commented: “Joining Forma is a pivotal step for Sofco - unlocking the scale, resources, and innovative drive of a larger group. With Forma's backing, the business is well positioned to deliver even greater value to customers through integrated demand and supply planning solutions that meet the ever-evolving needs of global retailers and manufacturers.”

Mark Thompson, Operating Partner at Tern said: "We are delighted to announce that Sofco has joined the Forma group. This acquisition expands our supply chain software capabilities, further strengthening the value we can deliver to our customers as we continue in our mission to advance innovation and raise the bar for excellence in retail technology."

Tom Llewellyn-Lloyd, Principal of Tern commented, “This acquisition marks a significant step in our growth journey. By leveraging Shawbrook’s funding, we were able to execute swiftly and efficiently, integrating Sofco’s expertise with our own to better serve our customers.”

John Palmer, Senior Director at Shawbrook said, “Forma Innovations exemplifies disciplined strategic growth and this latest transaction is a perfect example of their focus on enhanced services for the retail sector. Our facilities are designed to empower forward-thinking companies like Forma, enabling them to act decisively in a dynamic market environment.”

Hill Dickinson acted as advisors to Forma on the deal, providing legal support for the transaction. Pinsent Mason provided legal support for Shawbrook.