BEUMER buys majority stake in logistics technology start-up
BEUMER Group has acquired majority ownership of Codept, a start-up that simplifies data interchange between e-commerce and fulfillment service providers, to broaden its product portfolio.
Codept is a cloud-based logistic platform for e-commerce, which offers flexible warehouse management and fulfillment throughout Europe. Suppliers gain easy access to a wide range of different logistics service providers with just one IT interface.
The start-up was supported from its beginnings by Berlin-based Beam, a spin-off of BEUMER Group. Now, the system provider has further invested an eight-figure sum in Codept, acquiring the majority of shares.
Robert Bach, Beam’s managing director, explained: "We are strengthening our strategic partnership. We are supporting Codept even more intensively in establishing the logistics platform powerfully and sustainably on the market, scaling it faster and expanding it with additional features.”
According to the German group, companies from a wide range of industries across Europe already rely on Codept's expertise. This particularly applies in case of high volumes and demanding goods such as bulky, hazardous goods or organic food.
The integrative platform immediately makes a decisive contribution enabling users in logistics to reduce costs. In the future, data and sequences will be optimised by artificial intelligence.
"We are happy to seal a long-term partnership with BEUMER Group," said Codept Managing Director Felix Ostwald. "During the past two years we have cooperated successfully and are therefore glad to intensify this cooperation.”
In future, he and his partner Jonas Grunwald will continue to pursue together their vision of a technology-driven, scalable logistics platform, using the new capital to enhance the team and thus, advance their technology and accelerate their Europe-wide expansion.
BEUMER Group is an international leader in the manufacture of intralogistics systems for conveying, loading, palletising, packaging, sortation, and distribution. With 4,500 employees worldwide, the company has annual sales of about €900 million.