U.S.-based supply chain software firm HighJump is being acquired by Körber AG in Hamburg, Germany, for an undisclosed amount from Accellos Holdings and its primary investor, Accel-KKR, in Menlo Park, Calif.
The move follows Körber’s acquisition of a majority interest in another American software provider, DMLogic, in July.
“With the acquisition of HighJump, we are really putting down a marker … in the areas of supply chain management and cloud solutions,” Körber Chairman Stephan Seifert said. “We want to be the go-to company worldwide for our customers when it comes to providing support for their successful business development.”
HighJump provides software to help firms manage distribution operations. Customers include South Pacific retailer Jack’s of Fiji, Woolworths Proprietary Ltd. in South Africa, Deepwater Global Distribution of Orlando, Fla., and Diversified Distribution Systems in Reno, Nev., plus Onset Logistics in Mexico.
Based in Minneapolis, HighJump has more than 4,000 customers in retail, consumer products, automotive, aerospace, pharmaceutical, and food and beverage industries. It generated revenue of $174.8 million in 2016.
Pittsburgh-based DMLogic provides warehouse management software and has operations in the Netherlands and Sydney.
HighJump and DMLogic will be folded into Körber’s Business Area Logistics Systems, which also includes German logistics software providers Aberle and Inconso. Körber also is involved in providing machine tools, industrial automation and packaging systems for manufacturers of pharmaceuticals, toilet paper and paper towels and tobacco products.
“Körber AG will be a tremendous long-term strategic and financial partner for HighJump,” Chad Collins, HighJump’s CEO, said in a statement Aug. 30. “The leaders of Körber demonstrated their commitment to customer satisfaction, market leadership through technology and long-term business focus. This is very consistent with HighJump’s business philosophy.”
TrueCommerce, a cloud-based business-to-business network service provider and sister company to HighJump, will continue to be owned by Accellos Holdings and Accel-KKR, company officials said.
