OTS - Körber acquires HighJump - a leading US-American supply chain and cloud solutions specialist (part 1)
2017. August 30. 17:00
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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