Threadsol: Coats Acquires ThreadSol, Sells North America Crafts Business

England-based Coats Group Plc has acquired India-based ThreadSol for $12 million. ThreadSol, a provider of material management solutions for the apparel industry, is now part of Coats Global Services. The deal expands the scale of ThreadSol's artificial intelligence and Big-data-based software solutions, which complement Coats' existing suite of software solutions for the apparel and footwear [...]