Körber has secured a deal to purchase enVista's platform of Enspire Commerce omnichannel solutions, a recent PR Newswire release said.
The acquisition includes an order management system (OMS) and the company’s freight audit and payment (FAP) service.
"This acquisition is a great extension of our existing product portfolio and another important milestone towards our ambition to become a global supply chain software champion!" Stephan Seifert, CEO of Körber Group, said in the release. "At the same time, with more than 400 new colleagues and experts around the world, we are also substantially strengthening our footprint to further support our customers globally! We also see that our strategic cooperation with KKR - concluded in March 2022 - is already showing initial success, and we are all excited to go forward!"
The company confirmed the addition shortly after KKR acquired a significant minority stake in Körber's supply chain software business in March of this year.
"Leading retailers, distributors and brands realize commerce and supply chain solutions must integrate and digitize," Jim Barnes, CEO of enVista, said in the release. "Our next-generation omnichannel commerce and FAP solutions, combined with Körber's order fulfillment capabilities, deliver the seamless omnichannel brand experiences consumers expect. Körber's global sales, implementation and support capabilities will strengthen enVista offerings, providing new levels of value, competitive advantage and market momentum. I look forward to bringing my 30 years of experience in supply chain and commerce to the team."
Chad Collins, CEO of Software at Körber Business Area Supply Chain, also commented on the acquisition.
"Körber is the trusted fulfillment and distribution technology partner for thousands of organizations worldwide," he said in the release. "Acquiring enVista's commerce platform enables our customers to manage the life cycle of the order from multiple demand sources and network-wide inventory. The freight audit and payment service provides a single source of visibility and tracking typically not available in ERP or TMS solutions."
The transaction remains subject to customary closing terms and regulatory approvals.