There has been another acquisition in the supply chain technology space.
Last week, German based business logistics systems technology provider Korber announced the acquisition of U.S. based WMS, TMS and Retail DSD software provider HighJump from its holding company, Accelos Holdings for an undisclosed sum. This acquisition has been approved and completed as of August 28.
Headquartered in Minneapolis, HighJump has an installed base of over 4000 customers across automotive, aerospace, consumer products, food and beverage and pharmaceutical industry segments. The HighJump One Platform provides a set of building block applications that can be utilized to support specific logistics business process needs. Founded in 1983 as a bar code data collection system, HighJump has experienced a number of acquisitions over the years the latest being acquired by Accelos Software in 2014. Revenues in 2016 were $175 million and today the firm employs upwards of 45o people.
According to the announcement, the acquisition adds to Korber’s prior acquisitions of software companies DMLogic and Aberle Software, all of which are to be integrated under Korber’s Logistics Systems business. According to company management, the combined offerings will establish: “a leading international position in the areas of supply chain management and cloud solutions.”
Obviously, existing customers will have to await further news and updates regarding the integration and its impact on current and future support operations and new development. HighJump CEO Chad Collins indicated to press outlets that nothing really changes in day-to-day initiatives concerning customers.
There is no doubt that existing competitors to HighJump will be knocking on doors and that should provide a sense of urgency for Korber to enhance communications and updates on future direction.
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