Körber Supply Chain Software, a Bad Nauheim, Germany-based company which specializes in end-to-end supply chain software solutions, acquired MercuryGate International Inc., a Cary, NC-based provider of transportation management systems (TMS).
The amount of the deal was not disclosed.
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.
Led by CEO Joe Juliano, MercuryGate provides Smart Transportation™, a suite that offers 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.
Led by CEO Ed Auriemma, Körber Supply Chain Software delivers comprehensive solutions for its customers, offering 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 is a joint venture of Körber AG, an international technology group and KKR, a global investment firm that offers alternative asset management, capital markets and insurance solutions.
Commenting on the news, Ed Auriemma said: “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.”
FinSMEs
06/08/2024