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Bringg Acquires Parcel Delivery Solution Zenkraft To Meet Growing Customer Demands For Diverse Choice Of Delivery Offerings

Feb 09, 2022almost 4 years ago

Acquiring Company

Bringg

Acquired Company

Zenkraft

ChicagoCommerce And Shopping

Description

Bringg, the leading data-led delivery and fulfillment cloud platform provider, today announced their acquisition of Zenkraft, Salesforce's leading parcel and return delivery solution. The synthesis of these offerings will imbue Zenkraft's parcel and return delivery and Bringg's unified, open and connected delivery network to enable a diversified array of delivery models. Both companies have experienced rapid growth alongside the recent ecommerce boom, and this merger will bring out the best in their complementary solutions. Retailers will ultimately be able to deliver a differentiated last mile delivery experience that meets their customer demand and drives brand differentiation.

Company Information

Company

Bringg

Location

Chicago, Illinois, United States

About

Bringg helps enterprises scale up and optimize their logistics operations with the leading data-led delivery and fulfillment cloud platform. Using Bringg, retailers and logistics providers can rapidly enable innovative delivery and fulfillment models that maximize the customer experience, optimize logistics operations and scale business channels for growth. Some of the world's best-known brands in more than 50 countries use Bringg's platform to deliver the perfect last mile experience at peak efficiency across multiple delivery models. https://www.bringg.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed