Körber And KKR Announce The Strategic Acquisition Of MercuryGate; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Körber Supply Chain Software, a joint venture between Körber AG and KKR, has signed a binding agreement to acquire MercuryGate International Inc., a leading provider of transportation management systems. This acquisition aims to enhance Körber's supply chain execution solutions, offering increased flexibility, scalability, and resiliency to customers.
August 06, 2024 | 2:31 pm
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KKR, as part of its joint venture with Körber AG, has announced the acquisition of MercuryGate International Inc. This strategic move is expected to enhance KKR's portfolio in supply chain execution solutions, providing increased flexibility, scalability, and resiliency to customers.
The acquisition of MercuryGate by Körber Supply Chain Software, a joint venture involving KKR, is likely to positively impact KKR's stock in the short term. The strategic move enhances KKR's portfolio in supply chain solutions, which is critical given the growing complexities in global supply chains.
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