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2017. augusztus 30., szerda 17:00 |
Körber acquires HighJump - a leading US-American supply chain and cloud solutions specialist (part 1) |
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Hamburg/Minneapolis, August 30, 2017 (APA/OTS) - Acquisition will create leading international provider in the cloud supply chain management application segments - HighJump provides Körber with a stronger foothold in the US and an advanced software platform for growth within the organization - HighJump forms a further US competence center for group-wide digitization initiatives - International technology group Körber reinforces its Business Area Logistics Systems with the acquisition of the US-American supply chain software specialists HighJump. The acquisition has been completed with effect from August 28, 2017, after receiving approval from the relevant antitrust authorities. |
HighJump specializes in the development of software solutions for
supply chain management (SCM). The company is headquartered in
Minneapolis, USA. HighJump has additional operations in Canada, the
United Kingdom, Australia, and China. HighJump serves over 4,000
customers across the retail, consumer products, automotive,
aerospace, pharmaceutical and food/beverage industries.
HighJump has developed a cloud-ready underlying technology platform
called the "HighJump One Platform" which is consistently recognized
for being one of the industry's most flexible and adaptable supply
chain software platforms. On top of this technology platform the
company offers globally leading software applications that provide
customers with an integrated view of their entire supply chain: from
warehouse management and intralogistics to transport management. The
platform enables consistent visibility of all goods flows, with
excellent adaptability, and the synchronization of business
processes across all channels.
With the acquisition of HighJump and the software companies
Inconso, DMLogic and Aberle Software, which already belong to the
Körber Group, the Group underlines its claim to be the technology
leader in the SCM software segment. "With the acquisition of
HighJump we are really putting down a marker in the sector as we are
taking a leading international position in the areas of supply chain
management and cloud solutions," says Stephan Seifert, Chairman of
the Group Executive Board at Körber AG. "We want to be the go-to
company worldwide for our customers when it comes to providing
support for their successful business development. With its
experienced team of experts and its broad customer base HighJump
will strengthen our long-term internationalization and growth
trajectory. At the same time we are establishing another competence
center in the important North American market. In this process, the
expertise and experience of our new colleagues will support our
group-wide digitization initiatives through mutual exchange within
the Group," emphasizes Seifert.
"Only recently, with the acquisition of the US-American logistics
software specialists DMLogic, we already gained an important partner
for our Business Area," says Hubert Kloß, CEO of the Business Area
Logistics Systems. "With our new HighJump colleagues on board, we
now have a very solid basis, both in Europe and the USA, to continue
our dynamic growth rapidly and successfully. The company will be
integrated into the Business Unit Software within our Business Area
and is another perfect addition to our portfolio."
"Körber AG will be a tremendous long-term strategic and financial
partner for HighJump," says Chad Collins, CEO of HighJump. "The
leaders from Körber demonstrated their commitment to customer
satisfaction, market leadership through technology and long-term
business focus. This is very consistent with HighJump's business
philosophy. We look forward to collaborating with our new colleagues
from the Business Area Logistics Systems such as Inconso, Aberle
Software and DMLogic and the entire Körber Group to establish a
market leading position in this ever-changing supply chain
environment."
The purchase of HighJump will be from its parent company, Accellos
Holdings and its primary investor, Accel-KKR, a technology focused
investment firm. Both parties agreed not to disclose details of the
purchase price. TrueCommerce, a cloud based business-to-business
commerce network and former sister company to HighJump will continue
to be owned by Accellos Holdings and Accel-KKR.
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2017. augusztus 30., szerda 17:00 |
Körber acquires HighJump - a leading US-American supply chain and cloud solutions specialist (part 2) |
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Hamburg/Minneapolis, August 30, 2017 (APA/OTS) - |
About Körber Körber AG is the holding company for an international technology
Group with approx. 11,500 employees around the world. The Group
comprises leading-edge technology companies and more than 130
production, service, and sales entities. At locations around the
globe, Körber combines the benefits of a globally-present
organization with the strengths of highly-specialized, flexible,
medium-sized enterprises that offer their customers solutions,
products, and services in the Business Areas of Automation,
Logistics Systems, Machine Tools, Pharma Systems, Tissue, Tobacco
and Corporate Ventures.
About HighJump HighJump is a global provider of supply chain management software
that streamlines the flow of inventory and information from supplier
to store shelf. With approx. 440 employees worldwide HighJump
supports more than 4,000 customers in 66 countries, ranging from SME
business to marquee global enterprises. HighJump's functionally rich
and highly adaptable end-to-end solutions efficiently manage
customers' warehousing, manufacturing, transportation, distribution,
delivery routes and retail stores.
About Körber Logistics Systems The Business Area Logistics Systems, belonging to the international
technology group Körber and based in Bad Nauheim, Germany, is the
leading provider of fully integrated applications for the
optimization of complex internal and external logistics processes.
Under the umbrella brand Körber Logistics, the Business Area
provides digital solutions for smart factories (production
logistics), warehouses, e-commerce, and the management of entire
supply chains. In three Business Units, the umbrella brand unites
the companies Aberle GmbH and Consoveyo S.A. (System Integration),
Langhammer GmbH and Riantics A/S (Product Solutions), Inconso AG,
Aberle Software GmbH and DMLogic LLC (Software). They offer an
extensive range of products and services, from system integration to
technologies for storage, palletizing, de-palletizing and conveyor
systems, through to software.
About Accel-KKR Accel-KKR is a technology-focused investment firm with over $4.0
billion in capital commitments. The firm focuses on software and
IT-enabled businesses well-positioned for topline and bottom-line
growth. At the core of Accel-KKR's investment strategy is a
commitment to developing strong partnerships with the management
teams of its portfolio companies and a focus on building value
through significant resources available through the Accel-KKR
network. Accel-KKR focuses on middle-market companies and provides a
broad range of capital solutions including buyout capital,
minority-growth investments, and credit alternatives. Accel-KKR also
invests across a wide range of transaction types including private
company recapitalizations, divisional carve-outs and going-private
transactions. Accel-KKR is headquartered in Menlo Park with
additional offices in Atlanta and London.
About TrueCommerce TrueCommerce revolutionizes trading partner connectivity by linking
suppliers, retail hubs and end consumers in one global commerce
network. TrueCommerce's Global Commerce Network includes over 92,000
pre-connected retailers, distributors and logistics service
providers. With flexible, integrated and fully managed service
solutions, customers of any size can easily connect with any trading
partner while enjoying the peace of mind of a proven service
platform that reliably handles tens of millions of transactions
annually without the need for any customer interaction. From the
factory to the warehouse, from distributor to retail storefront,
customers are able to achieve new levels of business connectivity
and performance with the world's most complete trading partner
platform.
Further information is available at www.koerber.de/en,
www.koerber-logistics.com/en,www.highjump.com,www.accel-kkr.com,
and www.truecommerce.com.
Contact partners:
Henriette Viebig Head of Group Communications Körber AG Tel.: +49 40 211 07 422 Mob.: +49 173 66 96 857 E-mail: henriette.viebig@koerber.de
Matthias Mezele Senior Manager, Group Communications Körber AG Tel.: +49 40 211 07 364 Mob.: +49 173 75 19 14 E-mail: matthias.mezele@koerber.de
Heather K. Smith Communications Specialist HighJump Tel.: +1 800 328 3271 ext. 2717 Mob.: +1 605 203 0605 E-mail: heather.smith@highjump.com
For Accel-KKR: Todd Fogarty Kekst Tel.:+ 1 212 521 4854 E-mail: todd.fogarty@kekst.com
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