Körber Supply Chain Software, a joint venture between Körber AG and KKR, announced plans to acquire MercuryGate International Inc., extending Körber Supply Chain Software's capabilities in delivering a comprehensive, innovative, adaptable and scalable supply chain execution portfolio.
"Our customers navigate dynamic, volatile supply chain environments under increasingly high expectations for order fulfillment," says 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."
Key takeaways:
- This move will enable Körber Supply Chain Software to become a leader in managing the movement of goods from procurement to receipt and fulfillment to the end consumer.
- Bringing Körber Supply Chain Software and MercuryGate together will enable customers to benefit from solutions that connect across inbound and outbound supply chain activities; a resilient and reliable supply chain platform with visibility across inventory pools; and simulation capabilities to evaluate future supply chain strategies and understand ROI across their local and global business.
- 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.
"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," says Stephan Seifert, CEO of Körber.
"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," adds 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."