Freight forwarder DB Schenker has acquired logistics software provider Bitergo to strengthen its digital strategy and move towards cloud-based software for small and medium-sized customers.
The Germany-based companies worked closely together for three years prior to the takeover on May 31.
Bitergo will continue to serve external customers as an independent entity.
Since its founding in 2013, Bitergo has offered logistics solutions and consulting, focusing on warehousing, supply chain execution, and mobile applications.
With standardised modules for supply chain technologies, the logistics service provider can serve customers’ individual requirements and respond to the increasing complexity of logistics, said DB Schenker.
The partnership with DB Schenker is expected to help push Bitergo’s solutions to the market, develop new solutions more quickly and open international markets.
Christa Koenen, chief information officer/chief development officer at Schenker AG, said: “For us, Bitergo is an ideal partner that we are happy to integrate into our vision of managing the supply chain digitally and end-to-end in the future. “The European market for software-as-a-service providers in logistics is highly fragmented and does not meet the requirements of all players. Furthermore, competitors have very different backgrounds, core competencies, and value propositions. This cooperation creates great synergies: DB Schenker brings the global network as well as the long-standing competence in logistics and technology. Bitergo brings experience, expertise, and a great vision.”
Andreas Trautmann, managing director of Bitergo, said: “DB Schenker is our preferred partner. As a global player, the logistic service provider offers us an ideal new home to continue Bitergo’s positive development in recent years. For our employees, in particular, the takeover is the best outcome for the company. We can now strengthen our portfolio together and work on Bitergo’s continued growth.”
