Another major acquisition garners attention in the supply chain. Körber purchases Siemens Logistics' mail and parcel business as it attempts to grow its supply chain footprint and e-commerce presence. The mail and parcel division will provide Körber with technology to help customers cope with greater delivery demands and pressure for shorter lead times. Körber predicts that within the next few years, the parcel automation market will grow in the double digits. This acquisition is one of many in the supply chain technology sector, as companies race to adopt new and modern strategies to better deliver on the growing demands of the consumer and the growing industry of the last-mile.
Per PR Newswire:
- Siemens Logistics provides mail and parcel technology and fully automated solutions for digitized mail and parcel processing for leading global logistics companies. With around 1,200 employees, Siemens Logistics mail and parcel business generates annual revenue of about €500 million [or $575 million at current exchange].
- With the acquisition of Siemens Logistics' mail and parcel business, Körber will complement its existing supply chain offerings and provide leading solutions in mail and parcel logistics. Körber is opening a complementary product offering and gaining access to the world's leading logistics providers. This creates new opportunities for partnerships from which the Group's existing customers can benefit. In turn, Siemens Logistics' mail and parcel business will benefit from Körber's end-to-end supply chain and global system integration capabilities.