Tag: acquisition|IT|logistics

E2open Parent Holdings, Inc., a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, has acquired Logistyx Technologies, a leader in global parcel and e-commerce shipping and fulfilment technology.

With the combination, E2open enhances its global footprint for multi-carrier e-commerce shipment management, offering companies a complete range of shipping capabilities needed to scale and respond to growing market needs.

“We are excited to welcome Logistyx Technologies’ team, clients, and capabilities to E2open,” said Michael Farlekas, chief executive officer at E2open. “The demand for e-commerce shipping capabilities continues to grow as companies look for more flexible and cost-effective ways to deliver products to consumers. This combination makes E2open the most comprehensive and integrated shipping solution provider, which covers all shipping modes including ocean, air, road, rail, and parcel, and is powered by a global network of carriers and logistics service providers.

“Logistyx is complementary to E2open’s existing platform, enabling E2open’s world-class clients to orchestrate their supply chains from demand to fulfilment, to supply.”

“The Logistyx team is thrilled to combine with E2open to enable more companies to ship smarter and benefit from the largest supply chain platform and network available,” said Geoffrey Finlay, chief executive officer at Logistyx. “We provide our customers, which include top retailers, manufacturers and logistics providers, the automation, visibility and flexibility needed to simplify global fulfilment and compete in an omnichannel world – all within a one-stop, connected platform.”

The Logistyx combination with E2open accelerates subscription revenue growth and unlocks strategic benefits for clients, including:

• Increased reach as a global leader in transportation management for parcel shipping: Logistyx’s global parcel system augments E2open’s direct-to-consumer e-commerce offerings, creating a complete global footprint for multi-carrier parcel management.
• Enhanced global parcel carrier network: The combination adds a carrier library of over 550 global carrier integrations including UPS, FedEx, DHL and USPS, to E2open’s leading network. The solution manages the carrier certification process to keep clients in compliance, while making it easier to compare and review spot rate options, which is critical in a capacity-constrained environment.
• Expanded client base: E2open’s client base will be enhanced by Logistyx’s strong global enterprise clients, which include many of the world’s leading retailers, manufacturers, and carriers.
• Augmented product offerings: Logistyx’s clients will benefit from a combined portfolio that will not only expand shipping modes beyond parcel, but also enhance upstream capabilities to better orchestrate manufacturing, distribution, channel and trade operations.

E2open acquired Logistyx Technologies for a total purchase price of $185m, a transaction which was unanimously approved by E2open’s Board of Directors.

Transporeon has strengthened its international ocean visibility capabilities through the acquisition of Logit One.

As adoption of in-transit visibility has become a must-have, the focus has mainly been on outbound transportation visibility, improving customer satisfaction and delivery accuracy. The next phase for customers is to build a complete End-to-End supply chain visibility, expanding coverage of inbound visibility across multimodal tracking. Connecting transport execution to multimodal visibility across Ocean, Road, and Air is when transportation gets in sync with the world, and the real value is unlocked.

Bringing in Logit One, an industry technology leader of Ocean visibility and end-to-end multimodal planning capabilities in real time enables Transporeon’s mission of bringing transportation in sync with the world. This is achieved through the execution of predictive transportation across multiple modes enabled through high accuracy and global coverage of its in-transport visibility network.

Logit One’s technology will be immediately made available to all existing Transporeon customers and prospects. It serves as a perfect extension of the established Transporeon Sixfold Visibility and Tracking portfolio.

Transporeon is continuing to build up the most powerful visibility network in the world, delivering predictive transportation across multiple modes. The acquisition of Logit One expands the Transporeon Sixfold Visibility and Tracking offering across Ocean. It makes Transporeon the only company to provide an execution platform with an integrated multimodal visibility offering. For clients, the integration of Logit One represents a major development in transport visibility and predictive transportation across all modes.

Stephan Sieber, CEO of Transporeon: “Expanding our visibility offering to Ocean is the logical next step. It shows our continued commitment to combining visibility with execution. This will enable our customers to continuously improve their operations and open a whole new set of innovation potentials to all of us! We are excited to welcome the Logit One family to Transporeon.”

Integrating the Logit One solution into Europe’s largest network of shippers and carriers will generate important scaling effects. This means that all parties to the Transporeon platform can enjoy far greater transparency than any individual visibility solution could offer. Logit One will be a great extension to Transporeon Sixfold currently monitoring over €500m worth of goods in real-time every day for customers in 40+ countries with 25 languages.

“Shippers and forwarders are facing huge dynamics in the ocean transport system and international transportation needs to become greener, more agile, and responsive. Through this acquisition, Transporeon’s customers will be able to expand the scope of their transportation visibility to international movements and to synchronise ocean and overland transportation. We are very excited about this step because we share a common vision and this will bring our solutions to a worldwide market,” said Frank Knoors, CEO of Logit One.

Transporeon’s one-platform approach ensures all users instantly benefit from the integration of new functionalities and services. Existing Transporeon customers will automatically benefit from the integration of the Ocean Visibility data feed into their transport planning and execution. The Transporeon platform includes a bird’s-eye view control tower of all their shipments across modes. Furthermore, additional multimodal planning functionalities will help to utilise the available capacity and reduce the environmental impact.

The Transporeon logistics platform is a 360° logistics services platform, and not only a standalone in-transit visibility provider. The strength of the Platform lies within its unique services supporting the customers’ complete transport lifecycle demands. Transporeon’s services include Market intelligence, freight procurement, planning and execution, tracking/proof of delivery, visibility, and freight audit. All the above are built on the world’s largest road carrier network. With the addition of Logit One, Transporeon significantly strengthens its services across all transport modes.

“As a well-known and recognised provider of global 4PL solutions we offer our clients with visibility and transparency in their supply chain in order to keep in control and to react fast on exceptions said Amaury Luycks, Managing Director of Polytra NV (part of Fracht Group).

“For us, the future of logistics service providers comes from analysing data, moving from reactive to proactive to predictive. We believe that logistics is not only finding the cheapest solution but also the most reliable, the fastest, and the greenest. Our partnership with Logit One is an important building block to achieve this. Their visibility solution gives us the tools to achieve superior service for our customers and even for our customers’ customers.”