Körber and KKR Announce Strategic Acquisition of MercuryGate to Strengthen Supply Chain Software Business
Körber Supply Chain Software, a joint venture between Körber AG and KKR, has signed a binding agreement to acquire MercuryGate International Inc., a leading provider of transportation management systems (TMS). This strategic acquisition will expand Körber’s global supply chain execution solutions, delivering increased flexibility, scalability, and resiliency to customers.
MercuryGate is known for its strong capabilities in multimodal optimization and execution, as well as its expertise in driving rapid implementation and time to value. By combining forces, Körber Supply Chain Software will become a leader in managing the movement of goods from procurement to receipt and fulfillment to the end consumer.
The complexities of global supply chains continue to grow, and the need for flexibility and resiliency has never been greater. Körber Supply Chain Software aims to meet these demands by offering an unparalleled combination of advanced technology and deep industry expertise. The acquisition of MercuryGate will establish a critical pillar in Körber’s ambition to create a unified supply chain execution suite that can offer real-time optimization and collaboration across the supply chain.
Customers will benefit from integrated processes across functions, faster and more accurate decision-making, and the ability to mitigate risks and disruptions more effectively. This comprehensive, innovative, adaptable, and scalable supply chain execution portfolio will provide businesses with the tools they need to navigate dynamic and volatile supply chain environments.
Stephan Seifert, Chief Executive Officer of Körber, expressed his excitement about the acquisition, stating that it substantially extends their existing supply chain software portfolio and is a significant milestone in becoming their customers’ first choice regardless of their challenge. The acquisition is a testament to the trustful strategic cooperation between Körber and KKR, resulting in additional value for their customers.
Joe Juliano, CEO of MercuryGate, believes that the combined company will deliver the broadest and deepest set of supply chain execution software solutions available worldwide. MercuryGate’s multimodal, SaaS-based TMS, when integrated with Körber’s supply chain software business, will create a comprehensive, value-driving supply chain offering for global industry leaders.
The transaction is subject to customary closing conditions and regulatory approvals. For more details about this acquisition, please visit Körber Supply Chain Software’s blog from their CTO, Sean Elliott.