Bringg Acquires Parcel Delivery Solution Zenkraft To Meet Growing Customer Demands For Diverse Choice Of Delivery Offerings
Feb 09, 2022•almost 4 years ago
Acquiring Company
Bringg
Acquired Company
Zenkraft
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.
M&A Insights
Based on deal dataIntegration 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