August 31, 2017 - International technology group Körber reinforces its Business Area Logistics Systems with the acquisition of the US-American supply chain software specialists HighJump. The acquisition has been completed with effect from August 28, 2017, after receiving approval from the relevant antitrust authorities.
HighJump specializes in the development of software solutions for supply chain management (SCM). The company is headquartered in Minneapolis, USA. HighJump has additional operations in Canada, the United Kingdom, Australia, and China. HighJump serves over 4,000 customers across the retail, consumer products, automotive, aerospace, pharmaceutical and food/beverage industries.
HighJump has developed a cloud-ready underlying technology platform called the “HighJump One Platform”. On top of this technology platform the company offers software applications that provide customers with an integrated view of their entire supply chain: from warehouse management and intralogistics to transport management. The platform enables consistent visibility of all goods flows, with excellent adaptability, and the synchronization of business processes across all channels.
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.