Körber and KKR form strategic partnership to build a global supply chain software champion

India - English

Strategic partnership to create enhanced end-to-end capabilities for customers amid increasing supply chain complexity

News provided by

Dec 14, 2021, 04:24 ET

HAMBURG, FRANKFURT, Germany and LONDON, Dec. 14, 2021 /PRNewswire/ -- Körber, an international technology group, and KKR, a leading global investment firm, today announced that KKR 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 complexity.

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 localization.

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."

Chad 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 regulatory approvals.

About Körber
We are Körber – an international technology group with about 10,000 employees, more than 100 locations worldwide and a common goal: We turn entrepreneurial thinking into customer success and shape the technological change. In the Business Areas Digital, Pharma, Supply Chain, Tissue and Tobacco, we offer products, solutions and services that inspire. We act fast to customer needs, we execute ideas seamlessly, and with our innovations, we create added value for our customers. In doing so, we are increasingly building on ecosystems that solve the challenges of today and tomorrow. Körber AG is the holding company of the Körber Group.

About Körber's Business Area Supply Chain
In the Business Area Körber Supply Chain, we have a broad range of proven supply chain solutions to fit our customers' size, business strategy and appetite for growth. Our customers conquer the complexity of the supply chain thanks to our portfolio that includes software, automation, voice solutions, robotics and material handling – plus the systems integration expertise to tie it all together. Körber helps to manage the supply chain as a competitive advantage.

About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

Further information is available at www.koerber-supplychain.com and www.koerber.com/en

Contact Körber:

Business media

Matthias Mezele
Senior Manager Corporate Communications
Körber AG
Tel.: +49 40 211 07 364
Mob.: +49 173 75 19 148
E-Mail: [email protected]

Trade media

Heather Smith
Director Corporate Communications and Brand
Körber Supply Chain – Software
Tel.: +1.800.328.3271-2717
Mob.: +1.605.203.0605
E-Mail: [email protected]

Contact KKR: Germany & Switzerland

Finsbury Glover Hering
Thea Bichmann
Tel: +49 172 13 99 761
E-Mail: [email protected]

Finsbury Glover Hering
Emily Lagemann
Tel: +49 160 992 713 35
E-Mail: [email protected]

SOURCE Körber AG