Supply chain technology provider Körber will acquire the logistics tech company MercuryGate as part of its efforts to create a comprehensive supply chain software solution.
Körber Supply Chain Software, a joint venture between Körber and fellow tech company KKR, signed a binding agreement to acquire MercuryGate International, which specializes in transportation management systems (TMS).
Körber called the acquisition “a strategic move” aimed at extending Körber Supply Chain Software’s capabilities in the development of supply chain execution solutions.
Unified supply chain management solution
The company hopes that the deal, which is subject to customary closing conditions and regulatory approvals, will bring a step closer to its ambitions of creating a unified supply chain execution suite capable of offering “real-time optimization and collaboration across the supply chain.”
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.
Global supply chains are growing in complexity increasing the need for sophisticated software management solutions among logistics operators, Körber said. Körber’s latest acquisition comes two years after it bought Siemens Logistics’ mail and parcel business in a deal worth €1.15 billion.
Robotics-as-a-service
Besides software solutions, the Germany-based company offers automation, voice, robotics and material handling solutions, plus systems integration expertise.
Last year, the company extended its robotic service partnerships by introducing a robotics-as-a-service (RaaS) program to provide logistics companies access to a global network of robotics service partners.
“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.”
