Körber acquires HighJump, Thereby Gaining Supply Chain Foothold in North America
Part of its broader agenda is to penetrate emerging markets with its varied supply chain solutions
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After being approved by the U.S. Federal Trade Commission and Department of Justice the deal went through, leaving the company with ample capital for more acquisitions said HighJump in an interview with SCMR.
According to HighJump CEO Chad Collins, this may include companies with a broader reach in Asia.
“This new arrangement will change the competitive marketplace for us, and permit us to target other regions needing ‘turn key’ distribution solutions,” he said.
Collins added that there will be no change in senior leadership at HighJump as a consequence of this deal. More details about service offerings will be outlined in future trade shows and industry events.
HighJump specializes in the development of software solutions for supply chain management. The company is headquartered in Minneapolis. 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.
As reported here earlier this year, HighJump announced that Woolworths Proprietary Limited, the operating entity of Woolworths Holdings Limited, a leading Southern Hemisphere retail group headquartered in South Africa, had selected HighJump Retail Advantage to improve picking accuracy and efficiency across its food business’ stores, which act as online fulfillment centres.
Collins noted that this was part of its broader agenda to penetrate emerging markets with its varied supply chain solutions.
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,” said Stephan Seifert, Chairman of the Group Executive Board at Körber AG. In a statement.
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.
About the AuthorPatrick Burnson, Executive Editor Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]
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