Market: Intelligent Inventory Management
TPI made its second major investment with the acquisition of the SPS Group in 2013. SupplyPoint Systems, Ltd., founded in 1997, and SupplyPoint Systems, Inc., founded in 1999, known collectively as the SPS Group (SPS), is a leader in the development and manufacture of industrial vending solutions.
SPS manufactures self-service, modular cabinets that deliver high value tools and consumables through automated, intelligent “smart vending” technology. SPS encompasses both software and hardware, and provides best-in-class tools to effectively manage, distribute and replenish cutting tools and MRO (maintenance, repair and operations) materials.
SPS has strong track record of delivering sales growth and consistent earnings. SPS is a proven performer and well-run company, as measured by the quality of products, quality of earnings and consistent sales growth.