Logistics company looks to beef up supply chain offering with transportation management technology
Rancho Dominguez, CA — October 4, 2005 — UTi Worldwide, a non-asset based global integrated logistics company, has acquired Concentrek, a provider of transportation management and supply chain solutions, UTi has announced.
The privately held Concentrek was acquired from its principal shareholders, including its senior management team and Knight Transportation. Terms of the transaction were not disclosed.
Founded in 1999, Concentrek offers a range of logistics services, including supply chain analysis and design, outsourced transportation management and advanced optimization technology for more efficient routing of shipments. The company provides outsourced solutions for some of the largest manufacturers and distributors in North America.
Concentrek employs approximately 80 associates at its headquarters in Grand Rapids, Mich., and at customer sites throughout the United States and Canada.
"UTi's acquisition of Concentrek marks another important milestone in our NextLeap strategy for global integrated logistics," said Roger I. MacFarlane, UTi's CEO. "This acquisition will enable UTi to offer more comprehensive transportation optimization solutions for our customers, utilizing advanced transportation management and supply chain tools that complement our existing contract logistics solutions."
"It is a testament to the hard work and creativity of our associates that Concentrek fits so well with UTi's objectives for global integrated logistics," said John Patterson, president and CEO of Concentrek. Patterson co-founded Concentrek with two other industry executives, Mike McClelland, who heads the company's operations, and Greg Morello, who is responsible for business development. All three of whom will continue to lead the company.
William T. Gates, CEO of UTi Integrated Logistics, added: "The addition of Concentrek complements our service portfolio and enables UTi to offer a more comprehensive end-to-end solution for customers throughout North America. Concentrek adds transportation management capacity for UTi's customers as well as proven optimization technology and in-depth industry expertise."
Additional Articles of Interest
— Eugene McCabe, architect of Sun Microsystems' Customer Fulfillment in Transit process, discusses the challenges and rewards of taking links out of the company's supply chain in "Anatomy of the 'Zero Touch' Supply Chain," in the August/September 2005 issue of Supply & Demand Chain Executive.
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