E2open, a provider of intelligent supply chain solutions, has completed its acquisition of cloud-based software specialist Amber Road.
Announced in May 2019 – a story reported by PTI – the US$425 million deal involved an all-cash tender offer for the entirety of Amber Road’s outstanding shares, followed by the integration of the company into E2open.
As a result of the tender offer and merger, Amber Road is now a privately held subsidiary of E2open and will help its customers to operate an end-to-end supply chain from “one cloud-based location”.
Rob Zuidwijk discusses ways of managing global supply chains and logistics in a recent Port Technology technical paper
The combination of the two companies, according to a statement, will drive the creation of a global trade management solution, with benefits including the automation of import and export processes, improved sourcing decisions for lower costs, and reduced cycle times.
The addition of Amber Road’s services will also give E2open’s customers the ability to connect, streamline, and operate all aspects of their logistics network, while Amber Road customers will have access to E2open’s Intelligent Applications and ecosystem of more than 100,000 trading partners.
Trace the origin of any ingredient, product, or batch to evaluate quality issues and manage recalls with the E2open Manufacturing Quality and Traceability Intelligent Application: pic.twitter.com/NeqlrtYDel
— E2open (@E2open) July 1, 2019
Michael Farlekas, President and Chief Executive Officer of E2open, said: “Efficient global trade is paramount for modern businesses.
“The addition of Amber Road to the E2open platform will add immense value for customers, adding global trade management solutions to our leading cloud-based platform of networked supply chain solutions.
“As we look forward, the unprecedented integration of E2open’s and Amber Road’s end-to-end supply chain and global trade management capabilities will expedite our ongoing efforts to digitally transform supply chain planning and execution.”
