Jaggaer Acquires Ivoflow to Bring AI-Driven Price Intelligence Into Procurement

Jaggaer, an AI-powered procurement software company, has completed the acquisition of Ivoflow, a spend and price intelligence platform for direct materials headquartered in Koblenz, Germany. The transaction closed on September 11, 2026, according to an announcement published by The Catalyst on September 24, 2026.

Ivoflow, founded in 2020, focuses on a problem specific to manufacturers: verifying whether the price paid for a component is in line with prevailing market conditions. Its software connects a manufacturer's ERP and procurement data with live market inputs — including commodity indices, currency movements, and cost data — and recalculates, at the individual part level, what each part should cost as conditions change.

The acquisition addresses what Jaggaer describes as a persistent gap in manufacturing procurement. Direct materials typically represent a significant share of production costs, yet the source report notes that fewer than 2% of manufacturers operate with a purpose-built spend and price intelligence capability for this category, with most still comparing supplier prices manually in spreadsheets.

A key application of Ivoflow's technology is the automated review of supplier price-increase requests. Manufacturers routinely receive such requests citing higher input costs, but manually verifying each one is resource-intensive. According to the source, Ivoflow's AI reads a supplier's price-increase request, breaks down its cost drivers — raw materials, currency, labor — and compares them against real market data. The source provides a specific illustrative example: a supplier's requested 6% price increase held up to only 1.3% once checked against actual cost drivers.

Ivoflow's existing customers include Georg Fischer, Sumitomo, Grammer, TI Automotive, and ZF Lifetec.

Jaggaer's chief executive, Andrew Roszko, described the strategic rationale in a statement: "Ivoflow will enable buyers to manage more of their direct materials within a single platform, bringing powerful market and cost intelligence into supplier negotiations. This means more transparent, fact-based conversations with suppliers, stronger partnerships, and better commercial outcomes."

Ivoflow co-founder Nicolas Neubauer said the combination would extend the platform's reach: "We built Ivoflow to help manufacturing companies become leaders in cost excellence and drive profitability. Joining Jaggaer gives us the reach and platform to bring that capability to many more customers and accelerate what we set out to build."

Co-founder Daniel Demuth framed the longer-term ambition: "By combining Ivoflow's capabilities with Jaggaer's team, reach and platform, we can accelerate our roadmap, expand our AI capabilities, and build toward becoming the leading provider of spend and price intelligence for manufacturers globally."

Both Demuth and Neubauer will continue to lead the Ivoflow team, which joined Jaggaer as part of the transaction. Jaggaer has said it intends to invest in the Ivoflow team, product, and roadmap, including expanding AI-driven capabilities such as scenario modelling, savings-probability generation, and proactive procurement guidance.