Investment firm KKR has acquired a significant minority stake in Körber’s supply chain software business, it has been announced today. Financial terms of the transaction were not disclosed.
Körber’s supply chain software business is among the top three global warehouse management software providers, delivering customers with differentiated warehouse management solutions (WMS) for varying operational complexities through software, voice and robotics solutions.
KKR will work with Körber’s supply chain software business to pursue organic and inorganic growth strategies to expand the company’s geographic footprint, accelerate the transition to SaaS, automation and robotics, as well as to develop innovative digital solutions to support customers amid increasing warehouse automation and supply chain localisation.
“It is in Körber’s DNA to identify and develop attractive growth areas,” commented Stephan Seifert, CEO of the Körber Group. “With our supply chain software offerings, we strive to have a rich end-to-end application suite that provides enhanced software solutions to our customers all around the world. With KKR we have found a great business partner to accelerate our growth for supply chain software across additional products and regions.
“A seamless and highly automated supply chain is business critical for enterprises of all sizes and we see significant growth potential in this market,” said Christian Ollig, Head of KKR for DACH, and Jean-Pierre Saad, Head of Technology for Private Equity in EMEA at KKR. “We look forward to the strategic partnership with Körber and to leveraging our experience of growth acceleration with global software businesses, as well as partnering with management, to help Körber’s supply chain software business reach its full potential in this attractive market.”
“This will allow us to significantly accelerate our growth plan to build a global champion in supply chain software,” concluded Chad Collins, CEO Software, Körber Business Area Supply Chain.