Cosmo DeNicola Companies Acquires MN Based Avista to Create Global Smart Factory
Philadelphia based serial entrepreneur, Cosmo DeNicola, announced today that he has completed the acquisition of Avista Solutions International, a Minneapolis based Information System Technology Company. The company has a 28-year history, and is a leading solutions provider to manufacturers in North, Central and South America.
This acquisition will create synergy with DeNicola’s Fort Washington, Pennsylvania based Amtech ERP Software, allowing them to innovate within the four walls of a Modern Manufacturing Facility. Avista has developed world class solutions for scheduling, logistics and process improvement. This collaboration will foster the creation of an All in One Smart Factory.
Cosmo DeNicola Companies is committed to supporting manufacturers on a global scale, and Avista will accelerate that growth, with service centers throughout Mexico, South and Central America.
“We are excited about our new global expansion, and look forward to creating synergistic opportunities within our existing Enterprise Mobility and Technology portfolio companies,” stated Chairman, Cosmo DeNicola. “I expect this acquisition to be immediately accretive.”
Avista employees, including the co-founder and principals, will be joining the Cosmo DeNicola Companies team. Avista will be maintaining their Minneapolis Headquarters and Midwest Manufacturing Facility.