Siemens acquires Axit to improve logistics software offering
March 18, 2015
Siemens Logistics & Airport Solutions (LAS) has acquired Axit, a software specialist for cloud-based IT platforms for logistics process management. This acquisition opens up perspectives for both companies for cross-industry growth in the logistics software business.
The transaction is subject to approval by the German Federal Cartel Office and is expected to be completed by April. Both companies have agreed to keep financial details confidential.
Axit provides cloud-based software in the European logistics sector and has a comprehensive user base with customers in logistics, industry and commerce. Headquartered in Frankenthal, Germany, Axit also maintains a software development centre in Wroclaw, Poland.
"The acquisition of Axit is a major step for us to strategically reposition our company," said Michael Reichle, CEO of LAS. "IT, software and the ability to use important logistics information to add value for our customers are key aspects of our innovation strategy. Axit has excellent products, superior expertise and enjoys an outstanding reputation in the German market. We are pleased to give further strength to our market position through this merger."
Cloud-based software has already become a distinguishing feature in the logistics market and is considered to be key for end-to-end supply chain management. Owing to the increasing complexity in logistics, IT is more and more the driver behind innovative methods for the control and optimisation of processes.
Through the acquisition of Axit, LAS will become a pioneer of this technology and will be able to provide comprehensive IT for end-to-end transparency in supply chain management. This will let customers benefit from an enhanced, integrated portfolio.
"For Axit, this is the right way to accelerate our business growth at the international level,” said Holger Schmitt, CEO of Axit. “LAS has the perfect global organisation that is important for us, as well as a global sales network with its own presence, from which we will benefit."