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Combined portfolio expands global supply chain execution solutions, providing customers with greater flexibility, scalability and resiliency
HAMBURG, MINNEAPOLIS & CARY, N.C.–(BUSINESS WIRE)–Körber Supply Chain Software, a joint venture between Körber AG and KKR and a leader in end-to-end supply chain software solutions, has signed a binding agreement to acquire MercuryGate International Inc., a leading provider of transportation management systems (TMS). MercuryGate is known for its strong multimodal optimization and execution capabilities, as well as its experience and ability to drive rapid deployment and time to value. The acquisition is a strategic move to expand Körber Supply Chain Software’s capabilities in delivering a comprehensive, innovative, adaptable and scalable supply chain execution portfolio.
The complexity of global supply chains continues to grow, and the need for flexibility and resiliency has never been greater. Operators need to increase the adaptability and scalability of supply chain execution solutions to innovate and scale. By expanding its solution portfolio to all supply chain execution operations, Körber Supply Chain Software will become a leader in managing goods from sourcing to receipt and fulfillment to the end consumer, reducing siloed planning, accelerating problem resolution and improving outcomes for customers and businesses. The combination of Körber Supply Chain Software and MercuryGate will benefit customers with:
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Solutions that connect inbound and outbound supply chain activities to improve cost efficiencies and customer experience by optimizing product placement, usage, and routing.
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A reliable and resilient supply chain platform with visibility across all inventory pools, enabling clients to identify growth opportunities as well as anticipate and quickly respond to potential disruptions.
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Simulation capabilities enable evaluation of future supply chain strategies and understanding of ROI for local and global operations.
“Our customers find themselves in a dynamic and volatile supply chain environment with increasing expectations for order fulfillment,” said Ed Auriemma, CEO of Körber Supply Chain Software. “With the acquisition of MercuryGate, Körber Supply Chain Software will provide an unprecedented combination of advanced technology and deep industry expertise to create innovative processes that help companies meet these challenges.”
The acquisition of MercuryGate will provide a key pillar in Körber’s ambition to create a unified supply chain execution suite that can deliver real-time optimization and collaboration across the entire supply chain. Customers will benefit from integrated processes across functions, faster and more accurate decision making, and the ability to more effectively mitigate risk and disruption.
Stephan Seifert, CEO of Körber, said: “This acquisition demonstrates our ability to execute our ambitious growth strategy, significantly expands our existing supply chain software portfolio and is an important milestone in becoming the first choice for our customers, no matter what the challenges. Furthermore, it demonstrates the added value that our strategic collaboration with KKR brings to our customers.”
“The addition of MercuryGate’s market-leading, multimodal, SaaS-based TMS to Körber’s supply chain software will create valuable supply chain offerings for global industry leaders,” commented Joe Juliano, CEO of MercuryGate. “The combined company is designed to deliver the broadest and deepest supply chain execution software solutions in the world.”
Peter Rottier, CEO of Summit Partners, which first partnered with MercuryGate in 2018, added: “We believe that global supply chains and growing customer demand for shorter order delivery times will support greater adoption of solutions like MercuryGate’s that are designed to help shippers and logistics providers reduce the costs and complexities associated with transportation, and it’s exciting to be executing on this vision with the MercuryGate team.”
The transaction is subject to closing conditions and regulatory approvals.
For more details on this acquisition, Leah is a blogger A talk from Sean Elliott, CTO of Körber Supply Chain Software.
About Körber Supply Chain Software
Körber Supply Chain Software is the partner of choice for organizations that need comprehensive, intelligent supply chain execution software solutions that can adapt and scale to meet their needs. Körber Supply Chain Software offers its customers end-to-end solutions that provide greater efficiency and transparency in the most complex global supply chain operations, from order management to global end-to-end inventory flows. Körber Supply Chain Software is a joint venture between Körber AG, a leading international technology group, and KKR, a leading global investment firm in alternative asset management, capital markets and insurance solutions.
Learn more about Körber Supply Chain Software (koerber-supplychain-software.com）
About Mercury Gate
MercuryGate’s suite of intelligent transportation solutions delivers powerful transportation and logistics management solutions that are proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The complete Software as a Service (SaaS) product suite natively supports all transportation modes and market segments, creating value for users by improving costs, productivity and efficiency through artificial intelligence (AI), machine learning (ML) and connected technologies to fine-tune and automate transportation management functions. Intelligent Transportation makes transportation smart, simple, sustainable and transformative for customers. To learn more about MercuryGate, visit https://mercurygate.com/
About Körber
We are Körber – an international technology group with more than 12,000 employees at more than 100 locations worldwide and a common goal: to transform business thinking into customer success and shape technological change. In the Digital, Pharmaceuticals, Supply Chain and Technology business areas, we offer inspiring products, solutions and services. We act quickly on customer needs, execute ideas smoothly and create added value for our customers with our innovations. In the process, we increasingly build 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 KKR
KKR is a leading global investment firm providing alternative asset management, capital markets and insurance solutions. KKR seeks to generate attractive investment returns by following a patient and disciplined investment approach, hiring world-class talent and supporting the growth of 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 provide retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR investments may include the activities of its sponsored funds and insurance affiliates. For more information about KKR & Co. Inc. (NYSE: KKR), please visit the KKR website at: www.kkr.comFor more information about Global Atlantic Financial Group, please visit the Global Atlantic Financial Group website: https://www.globalatlantic.com/.
About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that commits its capital to equity, fixed income and public equity growth opportunities. Summit invests in all growth sectors of the economy and has invested in more than 550 companies in technology, healthcare and other growth industries. Summit has offices in North America and Europe and invests in companies around the world. For more information, visit www.summitpartners.com Or follow us on LinkedIn.
Contact information
Contact Business Media:
Lena Waters
Head of Brand and Communications Strategy
Körber AG
Tel: +49 40 211 07 473
e-mail: (email protected)
Contact industry media:
Lucy Millington
Vice President, Brand and Corporate Communications
Körber Supply Chain Software
Tel: +44 7539 473855
e-mail: (email protected)
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