Combined portfolio expands global supply chain execution
solutions, delivering increased flexibility, scalability and
resiliency to customers.
HAMBURG,
Germany, MINNEAPOLIS and
CARY, N.C., Aug. 6, 2024
/CNW/ -- Körber Supply Chain Software, a joint venture between
Körber AG and KKR, and leader in end-to-end supply chain software
solutions, signed a binding agreement to acquire MercuryGate
International Inc., a leading provider of transportation management
systems (TMS). MercuryGate is known for its strong capabilities in
multimodal optimization and execution, as well as its expertise and
capabilities in driving rapid implementation and time to value. The
acquisition is a strategic move that extends Körber Supply Chain
Software's capabilities in delivering a comprehensive, innovative,
adaptable and scalable supply chain execution portfolio.
The complexities of global supply chains continue to grow, and
the need for flexibility and resiliency has never been greater.
Operators demand ever-increasing adaptability and scalability in
supply chain execution solutions to innovate and expand. By
extending its portfolio of solutions across all supply chain
execution operations, Körber Supply Chain Software will become a
leader in managing the movement of goods from procurement to
receipt and fulfillment to the end consumer, reducing planning
silos, accelerating resolution of issues, and improving customer
and business outcomes. Bringing Körber Supply Chain Software and
MercuryGate together will enable customers to benefit from:
- Solutions that connect across inbound and outbound supply chain
activities, improving cost efficiencies and customer experiences by
optimizing placement, usage, and routing of goods.
- A resilient and reliable supply chain platform with visibility
across inventory pools, enabling customers to identify growth
opportunities as well as predict and rapidly respond to potential
disruptions.
- Simulation capabilities to evaluate future supply chain
strategies and understand ROI across their local and global
business.
"Our customers navigate dynamic, volatile supply chain
environments under increasingly high expectations for order
fulfillment," said Ed Auriemma, CEO
of Körber Supply Chain Software. "With the acquisition of
MercuryGate, Körber Supply Chain Software is poised to offer an
unparalleled combination of advanced technology and deep industry
expertise to create innovative processes to help businesses manage
these challenges."
The acquisition of MercuryGate will establish a critical pillar
of Körber's ambition to create a unified supply chain execution
suite that can offer real-time optimization and collaboration
across the supply chain. Customers will benefit from integrated
processes across functions, faster and more accurate
decision-making and the ability to mitigate risks and disruptions
more effectively.
Stephan Seifert, Chief Executive
Officer of Körber, said: "This acquisition illustrates our power to
execute our ambitious growth strategy, substantially extends our
existing supply chain software portfolio, and is a significant
milestone to becoming our customers' first choice regardless of
their challenge. Furthermore, it is proof, that our trustful
strategic cooperation with KKR results in additional value for our
customers."
"The addition of MercuryGate's multimodal, SaaS-based TMS to
Körber's supply chain software business will create a
comprehensive, value-driving, supply chain offering for global
industry leaders," commented Joe
Juliano, CEO of MercuryGate. "The combined company is
positioned to deliver the broadest and deepest set of supply chain
execution software solutions available worldwide."
Peter Rottier, a Managing
Director at Summit Partners, which first partnered with MercuryGate
in 2018, added, "We believed that global supply chains and growing
customer demand for shorter order-to-delivery times would support
increased adoption of solutions like MercuryGate's that are
designed to help shippers and logistics providers mitigate the
costs and complexity associated with transportation. It's been
exciting to work alongside the MercuryGate team as they executed
against this vision."
The transaction is subject to customary closing conditions and
regulatory approvals.
For more details about this acquisition, please read our
blog from Körber Supply Chain Software CTO, Sean Elliott.
- Picture is available at AP -
About Körber Supply Chain Software
Körber Supply Chain
Software is the partner of choice for organizations that require
comprehensive and intelligent supply chain execution software
solutions that can adapt and scale to their requirements. Körber
Supply Chain Software delivers comprehensive solutions for its
customers, offering greater efficiency and transparency from order
management through global end-to-end inventory flow within the most
complex global supply chain operations. Körber Supply Chain
Software GmbH is a joint venture of Körber AG, a leading
international technology group and KKR, a leading global investment
firm that offers alternative asset management, capital markets and
insurance solutions. Find out more on
https://www.koerber-supplychain-software.com/.
About Körber
We are Körber – an international
technology group with more than 12,000 employees at over 100
locations worldwide and a common goal: We turn entrepreneurial
thinking into customer success and shape the technological change.
In the Business Areas Digital, Pharma, Supply Chain, and
Technologies, we offer products, solutions and services that
inspire. We act fast to customer needs, we execute ideas
seamlessly, and with our innovations we create added value for our
customers. In doing so, we are increasingly building on ecosystems
that solve the challenges of today and tomorrow. Körber AG is the
holding company of the Körber Group: http://www.koerber.com/en
About MercuryGate
MercuryGate's Smart Transportation™
suite provides powerful transportation and logistics management
solutions proven to be a competitive advantage for today's most
successful shippers, 3PLs, brokers, and carriers. The comprehensive
Software-as-a-Service (SaaS) product suite natively supports all
transportation modes and segments, generating value for its users
through improved cost, productivity, and efficiency using
artificial intelligence (AI), machine learning (ML), and connected
technologies to adapt and automate transportation management
functions. Smart Transportation makes shipping intelligent, simple,
sustainable, and transformative for customers. Learn more about
MercuryGate at https://mercurygate.com/.
About KKR
KKR is a leading global investment firm that
offers alternative asset management as well as capital markets and
insurance solutions. KKR aims to generate attractive investment
returns by following a patient and disciplined investment approach,
employing world-class people, and supporting growth in its
portfolio companies and communities. KKR sponsors investment funds
that invest in private equity, credit and real assets and has
strategic partners that manage hedge funds. KKR's insurance
subsidiaries offer retirement, life and reinsurance products under
the management of Global Atlantic Financial Group. References to
KKR's investments may include the activities of its sponsored funds
and insurance subsidiaries. For additional information about KKR
& Co. Inc. (NYSE: KKR), please visit KKR's website
at www.kkr.com. For additional information about Global Atlantic
Financial Group, please visit Global Atlantic Financial Group's
website at https://www.globalatlantic.com/.
About Summit Partners
Founded in 1984, Summit Partners
is a global alternative investment firm with capital dedicated to
growth equity, fixed income, and public equity opportunities.
Summit invests across growth sectors of the economy and has
invested in more than 550 companies in technology, healthcare, and
other growth industries. Summit maintains offices in North America and Europe and invests in companies around the
world. For more information, please visit www.summitpartners.com or
follow on LinkedIn.
Contact business media:
Lena Wouters
Head of Brand & Communications Strategy
Körber AG
T: +49 40 211 07 473
E-mail: lena.wouters@koerber.com
Contact trade media:
Lucy Millington
VP Brand & Corporate Communications
Körber Supply Chain Software
T: + 44 7539 473855
E-mail: lucy.millington@koerber-supplychain.com
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SOURCE Körber AG