Körber Supply Chain Software, a joint venture between Körber AG and KKR, has announced the signing of a binding agreement to acquire MercuryGate International, a provider of transportation management systems.
The acquisition extends Körber’s portfolio of solutions across all supply-chain execution operations, as the company aims to position itself as 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.
According to Körber, benefits of the acquisition for customers include solutions that connect across inbound and outbound supply chain activities, improving cost efficiencies and customer experiences by optimising placement, usage, and routing of goods; a more 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; and simulation capabilities to evaluate future supply-chain strategies and understand ROI across their local and global business.
What’s more, 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 optimisation and collaboration across the supply chain.
READ MORE: US Department of Commerce and SK Hynix set to boost AI supply chains
Customers will reportedly benefit from integrated processes across functions, faster and more accurate decision-making and the ability to mitigate risks and disruptions more effectively.
Joe Juliano, CEO of MercuryGate, said: “The addition of MercuryGate’s multimodal, SaaS-based transportation management systems to Körber’s supply-chain software business will create a comprehensive, value-driving, supply-chain offering for global industry leaders.
“The combined company is positioned to deliver the broadest and deepest set of supply-chain execution software solutions available worldwide.”
The transaction is subject to customary closing conditions and regulatory approvals.
Innovations and achievements in logistics and supply chain will be highlighted and celebrated at the second annual Robotics & Automation Awards on 06 November 2024 at De Vere Grand Connaught Rooms in London. Visit www.roboticsandautomationawards.co.uk to learn more about this unmissable industry event – and to book your table today!
