Şişecam has signed a letter of intent to become an investor in ICRON, a Turkish technology company that provides optimisation platform services for strategic decision making.

The discussions initiated with ICRON represent a strategic step for the company to further enhance its transformation and digitalisation efforts.

If the negotiations reach an agreement, ICRON will become Şişecam’s first investment in the field of technology development.

ICRON offers intelligent supply chain solutions that contribute to the sustainable, efficient and profitable operations of global customers in various sectors.

ICRON’s algorithm-based, decision-centric software platform supports multiple decision makers, decision processes, and scenarios through various problem-solving techniques such as optimisation, planning, machine learning, and artificial intelligence algorithms.

Şişecam and ICRON have been collaborating since 1996 for Şişecam’s supply chain related needs.

The investment from Şişecam will support the growth of ICRON and provide gains for Şişecam by elevating the approach within its current operations to a higher level.

According to the letter of intent signed by Şişecam’s CEO Gorkem Elverici and ICRON’s CEO Gurer Unal in Barcelona at Gartner's Supply Chain Expo 2023 (see image above), if the negotiations end with an agreement, Şişecam will have an option right to increase its total stake in ICRON up to 50% by 2027.