US retail technology solutions firm Aptos is to buy Italy's TXT Retail, which provides end-to-end merchandise lifecycle management solutions for industries including apparel, in a move aimed at giving retailers an advantage in omni-channel.

TXT Retail has offices in Australia, Canada, France, Germany, Hong Kong, Singapore, Spain, the UK and the US, and is part of international group TXT e-solutions.

The acquisition, which is expected to close in September, will combine Aptos's customer engagement and inventory management tools with TXT Retail's best of breed merchandise lifecycle management suite.

The extended solution will address critical business objectives, accelerating the move to omni-channel while cultivating customer loyalty in a time when "right product, right place, right time" has reached new urgency in competing with online retail giants, the companies say.

The deal will also expand Aptos's global presence; TXT Retail has ten offices, employing more than 300.

"The acquisition delivers value to retailers and to Aptos," says Jason Wright, senior partner at Apax Partners, the private equity firm that owns Aptos. 

Once the deal is complete, the combined customer base would include more than 1,000 retail brands. Currently, TXT Retail serves over 500 retail customers worldwide, including Adidas, Dior, Guess, Lacoste, Louis Vuitton, Tesco, Tod's, Urban Outfitters and Zalando. Around 500 retail brands in 40 countries use Aptos solutions.

TXT Retail's modules cover planning, designing, buying, distributing and delivering assortments, and are said to be "highly complementary" to Aptos's core Merchandising and Enterprise Order Management technologies.

The planned acquisition "offers retailers a unique enabler in aligning omni-channel strategy with execution, fast-tracking the merchandise lifecycle, optimising assortments, and ensuring consumer demand is met," adds Noel Goggin, Aptos CEO.