Supply chain management platform E2open has acquired fulfillment technology company Logistyx Technologies for US$185m.
In 2021, Logistyx achieved approximately US$40m in revenue. The combined business is expected to be accretive to E2open’s current organic growth rate given the cross-selling opportunities the combination creates.
With the acquisition, E2open also expects to accelerate subscription revenue growth and expand its product offerings, client base and parcel carrier network by approximately 550 global carrier integrations including UPS, FedEx, DHL and USPS.
Michael Farlekas, CEO at E2open, said, “We are excited to welcome Logistyx Technologies’ team, clients and capabilities to E2open. The demand for e-commerce shipping capabilities continues to grow as companies look for more flexible and cost-effective ways to deliver products to consumers.
“This combination makes E2open the most comprehensive and integrated shipping solution provider, which covers all shipping modes including ocean, air, road, rail and parcel, and is powered by a global network of carriers and logistics service providers. Logistyx is complementary to E2open’s existing platform, enabling E2open’s world-class clients to orchestrate their supply chains from demand to fulfilment to supply.”
Geoffrey Finlay, chief executive officer at Logistyx, said, “The Logistyx team is thrilled to combine with E2open to enable more companies to ship smarter and benefit from the largest supply chain platform and network available. We provide our customers, which include top retailers, manufacturers and logistics providers, the automation, visibility and flexibility needed to simplify global fulfillment and compete in an omnichannel world – all within a one-stop, connected platform.”
