Körber, KKR Team for Supply Chain Software
December 14, 2021
has acquired a significant minority stake in Körber's supply chain
software business. This strategic partnership is expected to enable
Körber's supply chain software business to become a global leader with
enhanced end-to-end solutions for customers worldwide. 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.
With over 1,300 employees, the business has grown significantly over
recent years, serving a diversified mix of more than 4,200 customers in
different industries across over 70 countries.
Structural trends and market forces, including e-commerce,
multi-channel, and micro-fulfilment, are amplifying the need for digital
solutions to handle increased volume and overcome greater supply chain
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
Stephan Seifert, CEO of the Körber Group, said: "I'm excited about this
strategic partnership and the tremendous business opportunities evolving
out of it. It is in Körber's DNA to identify and develop attractive
growth areas. 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. Always with one clear
vision: market leadership through technology leadership for the benefit
of our customers."
Christian Ollig, Head of KKR for DACH, and Jean-Pierre Saad, Head of
Technology for Private Equity in EMEA at KKR, commented: "A seamless and
highly automated supply chain is business critical for enterprises of
all sizes and we see significant growth potential in this market.
Körber's supply chain software business is already one of the leading
providers with excellent expertise and capabilities in WMS including
robotics and voice, led by an industry-leading management team. 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."
Collins, CEO Software, Körber Business Area Supply Chain, says: "The
strategic partnership with KKR is a great opportunity for us and we look
forward to working with them and to drawing on their vast experience and
track record of investing in and scaling software businesses globally.
This will allow us to significantly accelerate our growth plan to build
a global champion in supply chain software."
KKR's investment comes from its flagship European private equity fund,
KKR European Partners Fund V, which has a long track-record in strategic
partnerships with founders, corporates and management teams. KKR is one
of the most active investors focused on building leading global
technology enterprises, with global tech investments including Cegid,
Exact Software, Cloudera, Darktrace, MYOB, Onestream, Epicor, iValua,
Visma, among others. Across DACH, KKR has been investing on the ground
for over 20 years primarily through strategic partnership deals such as
in Axel Springer, Scout24, Wella, Unzer and SoftwareOne.
The transaction is subject to customary closing conditions and