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COINTURK FINANCE > Startup > Hi-Tech Apparel Acquires Unmade
Startup

Hi-Tech Apparel Acquires Unmade

Overview

  • Hi-Tech Apparel acquires London-based Unmade.

  • Partnership to revolutionize custom-clothing industry.

  • Unmade to benefit from Hi-Tech’s resources and customer base.

COINTURK FINANCE
COINTURK FINANCE 10 months ago
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In a significant move to reshape the custom-clothing industry, Hi-Tech Apparel has acquired Unmade, a London-based software company specializing in on-demand manufacturing solutions. This acquisition aims to merge Hi-Tech’s extensive manufacturing capabilities with Unmade’s advanced digital infrastructure, setting a new standard for apparel production. With Unmade’s unique technology and Hi-Tech’s global reach, the partnership is poised to revolutionize how apparel brands approach customization and market responsiveness.

Contents
Strategic SynergyLeadership and Vision

Previously, Unmade has been recognized for its innovative UnmadeOS platform that enhances product variety and reduces waste by leveraging patented automation and visualization technologies. This aligns with Hi-Tech Apparel’s mission to streamline manufacturing processes and meet the increasing demand for customized and small-batch production. Notably, Unmade has raised over $18 million in investments, drawing significant attention from industry leaders like Decathlon and Octopus Ventures.

Hi-Tech Apparel, a Thai-based global leader in garment manufacturing, operates 13 facilities across multiple countries, employing over 14,000 team members. The company generates over $300 million in annual sales, and its vision of a digital, demand-driven supply chain is well aligned with Unmade’s objectives. The acquisition seeks to combine strengths in manufacturing and technology to deliver a superior solution for brands and retailers.

Strategic Synergy

The merger between Hi-Tech Apparel and Unmade will blend Hi-Tech’s logistical and manufacturing prowess with Unmade’s state-of-the-art software solutions. This partnership aims to create a market-leading platform for brands looking to enhance their teamwear and customization capabilities. By integrating UnmadeOS into Hi-Tech’s operations, the combined entity expects to improve speed to market and reduce operational overheads.

The acquisition will also provide Unmade’s team access to Hi-Tech Apparel’s vast resources, expertise, and extensive customer base. This strategic alliance will enable both companies to push the boundaries of what’s possible in on-demand and sustainable apparel manufacturing.

Leadership and Vision

Unmade’s leadership team, including CEO Hal Watts and COO Simon Rea, will continue to spearhead the development of its industry-leading digital solutions. The company plans to inject significant capital into growth initiatives, including new hires to expand its technological capabilities. Decathlon, a major investor, will retain its stake in Unmade, allowing the company to maintain its independence and continue collaborating with various brands and manufacturers.

– The acquisition combines Hi-Tech’s manufacturing scale with Unmade’s digital innovation.
– It aims to set new standards in market responsiveness and customization.
– Decathlon remains a shareholder, ensuring Unmade’s autonomy and continued industry partnerships.

Bringing together Unmade and Hi-Tech Apparel marks a milestone in the apparel industry, promising to enhance both customization and efficiency. This acquisition is not merely a business transaction but a step towards a more sustainable and responsive market. Unmade’s technology will benefit from Hi-Tech’s expansive network, ensuring that their innovative solutions reach a broader audience. For industry stakeholders, this merger signifies an opportunity to adopt more flexible and customer-centric production models.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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