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Fourkites Acquires European Supply Chain Visibility Leader Nic-Place

Jan 18, 2022•almost 4 years ago

Acquiring Company

FourKites

Acquired Company

Supply Chain Visibility Leader

Artificial IntelligenceScience And EngineeringOtherData And AnalyticsSoftware

Description

FourKites announces it has acquired NIC GmbH (NIC-place), the leading European supply chain visibility provider. FourKites’ and NIC-place’s combined over-the-road, rail and ocean carrier networks creates the largest multimodal carrier network in Europe. This will bring global shippers the most comprehensive end-to-end global supply chain visibility platform. The acquisition will also accelerate the adoption of secure real-time visibility solutions specifically designed for carriers. Moreover, it shortens the time to value for shippers with complex, multimodal carrier networks.

Company Information

Company

FourKites

About

FourKites® is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2.5 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 1000 of the world’s most recognised brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.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