Körber takes HighJump supply chain software firm
September 12, 2017
German technology group Körber has acquired the US supply chain software specialist HighJump after receiving approval from the relevant antitrust authorities.
HighJump specialises in the development of software for supply chain management (SCM). The company is headquartered in Minneapolis and has additional operations in Canada, UK, Australia and China. It serves more than 4000 customers across the retail, consumer products, automotive, aerospace, pharmaceuticals, and food and beverage industries.
HighJump has developed a cloud-ready underlying technology platform called the HighJump One Platform, a flexible and adaptable supply chain software platforms. On top of this platform, the company offers software applications that provide users with an integrated view of their entire supply chain, from warehouse management and intra-logistics to transport management. The platform enables consistent visibility of all goods flows, with adaptability, and the synchronisation 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 claims 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 Körber. "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 internationalisation and growth trajectory.”
Körber is also establishing another competence centre in the North American market.
“In this process, the expertise and experience of our new colleagues will support our group-wide digitisation initiatives through mutual exchange within the group," said Seifert.
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.
"Only recently, with the acquisition of the US logistics software specialist DMLogic, we already gained an important partner for our business area," said 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 software business unit within our business area and is another perfect addition to our portfolio."
HighJump has around 440 employees worldwide and supports more than 4000 customers in 66 countries, ranging from SME business to marquee global enterprises.
"Körber will be a tremendous long-term strategic and financial partner for HighJump," said 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."
Körber is the holding company for an international technology group with about 11,500 employees around the world. The group comprises technology companies and more than 130 production, service and sales entities.