Körber acquires enVista commerce and payment services
German supply chain services group Körber will buy enVista’s commerce and payment platforms shortly after completing the €1.15bn takeover of Siemens’ parcel logistics business.
Körber said it has signed a definitive agreement to purchase enVista’sEnspire Commerce™ platform and its Freight Audit and Payment (FAP) service. enVista’s capabilities expand Körber’s portfolio to enable businesses to deliver upon ever-increasing consumer expectations in today’s highly competitive omnichannel landscape.
Just last month, Körber completed the acquisition of Siemens Logistics’ mail and parcel business to create what it called “a global leader for end-to-end supply chain technology.”
This latest transaction, which is subject to customary closing conditions and regulatory approvals, also follows KKR’s acquisition of a significant minority stake in Körber’s supply chain software business in March 2022.
Global portfolio
Explaining the rationale for its latest acquisition, Körber said that meeting today’s consumer expectations “requires digitization and integrated processes from order capture through to final delivery”.
With this acquisition, the company aims to become a single, global provider of omnichannel commerce, fulfillment and transportation software. By combining Kӧrber’s unique depth of software with enVista, organizations have a simple, compelling means of aligning and digitizing commerce and supply chain operations end-to-end.
Moreover, Körber’s global reach will increase with enVista’s significant presence in North America, the UK, India and APAC.
“Körber is the trusted fulfillment and distribution technology partner for thousands of organizations worldwide,” said Chad Collins, CEO Software, Körber Business Area Supply Chain.
“Acquiring enVista’s commerce platform enables our customers to manage the life cycle of the order from multiple demand sources and network-wide inventory. The freight audit and payment service provides a single source of transportation visibility and tracking typically not available in ERP or TMS solutions. This, with the addition of enVista CEO Jim Barnes and 400 commerce and transportation experts, furthers our ambition to be a global supply chain software champion through an integrated solution suite.”
Full order management
According to the company, enVista’s Order Management System (OMS), part of the Enspire Commerce platform, enables order visibility across channels and actionable data. These capabilities are heightened when used in tandem with Kӧrber’s fulfillment solutions. As a result, customer demands are met in real time. Furthermore, the microservices-based, API-first, headless architecture enables rapid integration and scale – once again bolstered when integrated with Kӧrber’s cloud-based solutions.
The full functionality of enVista’sEnspire Commerce platform goes beyond OMS. It spans order orchestration, enterprise inventory availability, store fulfillment, customer care, dropship, marketplaces, subscriptions, product information management (PIM), point of sale/mobile point of sale (POS/mPOS), mobile fulfillment and shipment experience management.
Körber said that enVista’s FAP service will complement the business’ OMS and WMS capabilities to provide unparalleled new levels of last-mile profitability, control, intelligence and customer experience. By providing a single source of transportation visibility while simultaneously optimizing and governing transportation spend, enVista and Körber empower tomorrow’s supply chains to fully unlock the value of their transportation activities.
“Leading retailers, distributors and brands realize commerce and supply chain solutions must integrate and digitize,” said Jim Barnes, CEO at enVista. “Our next-generation omnichannel commerce and FAP solutions, combined with Körber’s order fulfillment capabilities, deliver the seamless omnichannel brand experiences consumers expect.
“Körber’s global sales, implementation and support capabilities will strengthen enVista offerings, providing new levels of value, competitive advantage and market momentum. I look forward to bringing my 30 years of experience in supply chain and commerce to the team.”