The industrial thread manufacturer Coats Plc., Uxbridge/UK, has acquired ThreadSol Pvt. Ltd., Singapore, a cloud-based digital applications provider, which becomes part of Coats Global Services.
ThreadSol’s technology focuses on fabric usage optimization 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 optimize the purchasing and consumption of fabric by real-time data analytics through IoT devices.
ThreadSol has development centers across India as well as representative offices in Bangladesh, China, Indonesia, Sri Lanka and Vietnam. ThreadSol has over 100 employees, services some 130 businesses in 13 countries and plans more than 1.5 billion garments every year through its platform.