Coats, the world’s leading industrial thread manufacturer, has acquired ThreadSol, a cloud-based digital applications provider, which becomes part of Coats Global Services.
ThreadSol’s technology focuses on fabric usage optimisation in apparel manufacturing and helps customers reduce fabric waste and cost, and establish accurate product costing. It uses proprietary algorithms built on artificial neural networks to optimise the purchasing and consumption of fabric by real-time data analytics through IoT devices. This reduces costs and waste through cut-plan process and fabric roll utilisation which helps solve one of the most pressing and complex problems in the apparel supply chain.
ThreadSol’s products provide an excellent fit with Coats existing Fast React Systems and GSD range of Evolve™, Vision™, Align™, Enterprise™ and Quest™. This complementary suite of software solutions for the apparel and footwear industries will enable brands, retailers and manufacturers to drive productivity gains, supply chain control and speed to market.
The acquisition follows the recent announcement by Coats of its strategic investment in Twine, an Israeli based technology start-up which has developed a revolutionary digital thread dyeing system.
