Strategic Investor, 02/28/2018
Software specialist EURO-LOG brings strategic growth investor SupplyOn on board
Hallbergmoos-Munich – After many very successful years, lots of projects won – including in the automotive sector – and continuous growth, the IT provider EURO-LOG has declared its intention to further strengthen its position for the future with strategic investor SupplyOn. The IT provider has consciously chosen this company, which offers supply chain solutions for the manufacturing industry, as a partner for the future. With subsidiaries around the world, it is able to assist EURO-LOG in rapidly developing an international presence and making more targeted investments in the automotive industry – the company’s primary sector.
“We look forward to working closely with SupplyOn in the future. These sustainable investments in our planned expansion will not only accelerate our growth within our core markets but will also enable us to expand more quickly into China and North America,” says Jörg Fürbacher, Chairman of EURO-LOG AG.
For some years now, SupplyOn has been a leading global provider of supply chain solutions for the core industries of automotive, aerospace, rail and manufacturing. “With the acquisition of EURO-LOG, we are complementing the SupplyOn SCM solution with our own fully integrated transport management solution. The resulting synergies will enable us to accelerate our global expansion strategy and tap into new markets,” says Markus Quicken, CEO at SupplyOn.
The merger between the two IT companies strengthens the company's position in relation to international market players. The transfer of knowledge and solutions between the two companies will provide a wealth of advantages for both companies’ customers. SupplyOn customers will benefit in particular from knowledge gained in the field of transport management, whereas customers of EURO-LOG AG will reap the rewards when it comes to developing their global supply chain management.
“We welcome SupplyOn as a new shareholder that will give us financial stability and attractive leeway for investments to further continue our growth course. This will also make us an attractive and reliable business partner for our customers in the future,” adds Jörg Fürbacher, Chairman of EURO-LOG AG.
The independence of EURO-LOG AG remains. EURO-LOG will continue to be a self-sustaining company and will focus on robust growth rates and sustainable performance developments.
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Founded in 1992 as a joint venture of Deutsche Telekom, France Telecom and Digital Equipment, EURO-LOG AG has become one of the leading providers of IT and process integration in logistics. With customizable solutions such as B2B integration, procurement management, transportation management, ONE TRACK shipment tracking, container management and mobile logistics solutions, the company ensures transparency along the entire supply chain with its EUROLOG SCM PLATTFORM. International customers from the automotive, e-commerce & trade, industry and logistics sectors, among others, rely on the integration solutions of EURO-LOG AG. At the headquarters in Hallbergmoos-Munich, EURO-LOG AG operates own data centres and employs more than 95 people.