OTS - Körber and KKR form strategic partnership to build a global supply chain software champion (part 1)
2021. December 14. 09:30
Hamburg/Frankfurt, Germany and London, United Kingdom, 14 December,
2021 (APA/OTS) - Strategic partnership to create enhanced
end-to-end capabilities for customers amid increasing supply chain
complexity - - Körber, an international technology group, and KKR,
a leading global investment firm, today announced that KKR has
acquired a significant minority stake in Körber's supply chain
software business. This strategic partnership is expected to enable
Körber's supply chain software business to become a global leader
with enhanced end-to-end solutions for customers worldwide.
Financial terms of the transaction were not disclosed.
Körber's supply chain software business is among the top three
global warehouse management software providers, delivering
customers with differentiated warehouse management solutions (WMS)
for varying operational complexities through software, voice and
robotics solutions. With over 1,300 employees, the business has
grown significantly over recent years, serving a diversified mix of
more than 4,200 customers in different industries across over 70
countries.
Structural trends and market forces, including e-commerce,
multi-channel, and micro-fulfilment, are amplifying the need for
digital solutions to handle increased volume and overcome greater
supply chain complexity.
KKR will work with Körber's supply chain software business to
pursue organic and inorganic growth strategies to expand the
company's geographic footprint, accelerate the transition to SaaS,
automation and robotics, as well as to develop innovative digital
solutions to support customers amid increasing warehouse automation
and supply chain localization.
Stephan Seifert, CEO of the Körber Group, said: "I'm excited
about this strategic partnership and the tremendous business
opportunities evolving out of it. It is in Körber's DNA to identify
and develop attractive growth areas. With our supply chain software
offerings, we strive to have a rich end-to-end application suite
that provides enhanced software solutions to our customers all
around the world. With KKR we have found a great business partner
to accelerate our growth for supply chain software across
additional products and regions. Always with one clear vision:
market leadership through technology leadership for the benefit of
our customers."
Christian Ollig, Head of KKR for DACH, and Jean-Pierre Saad,
Head of Technology for Private Equity in EMEA at KKR, commented: "A
seamless and highly automated supply chain is business critical for
enterprises of all sizes and we see significant growth potential in
this market. Körber's supply chain software business is already one
of the leading providers with excellent expertise and capabilities
in WMS including robotics and voice, led by an industry-leading
management team. We look forward to the strategic partnership with
Körber and to leveraging our experience of growth acceleration with
global software businesses, as well as partnering with management,
to help Körber's supply chain software business reach its full
potential in this attractive market."
Chad Collins, CEO Software, Körber Business Area Supply Chain,
says: "The strategic partnership with KKR is a great opportunity
for us and we look forward to working with them and to drawing on
their vast experience and track record of investing in and scaling
software businesses globally. This will allow us to significantly
accelerate our growth plan to build a global champion in supply
chain software."
KKR's investment comes from its flagship European private
equity fund, KKR European Partners Fund V, which has a long
track-record in strategic partnerships with founders, corporates
and management teams. KKR is one of the most active investors
focused on building leading global technology enterprises, with
global tech investments including Cegid, Exact Software, Cloudera,
Darktrace, MYOB, Onestream, Epicor, iValua, Visma, among others.
Across DACH, KKR has been investing on the ground for over 20 years
primarily through strategic partnership deals such as in Axel
Springer, Scout24, Wella, Unzer and SoftwareOne.
The transaction is subject to customary closing conditions and
regulatory approvals.
(continues)
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