FourKites Acquires Supply Chain Leader NIC-place
The acquisition will also accelerate the adoption of secure real-time visibility solutions specifically designed for carriers
FourKites has declared its acquisition of NIC GmbH (NIC-place), a leading European supply chain visibility provider.
FourKites’ and NIC-place’s combined over-the-road, rail and ocean carrier networks create the largest multimodal carrier network in Europe.
Commenting on the acquisition, Mathew Elenjickal, Founder and CEO of FourKites, said: “NIC-place has the market’s only visibility solution for carriers, the most advanced rail tracking capabilities in Europe, and unrivaled expertise in high-value and temperature-controlled transport. This acquisition creates a strong carrier- and shipper-centric expertise that will accelerate end-to-end visibility and provide new solutions tailored to our customer’s unique needs.”
Pete Jendras, founder and managing director of NIC-place, said “We are delighted to be partnering with FourKites, a pioneer and market leader in real-time supply chain transportation visibility, and a pioneer in innovation and end-to-end multimodal coverage. We share our vision of prioritizing data security and integrity, making it easy for carriers to collaborate with their supply chain partners. We look forward to extending the combined benefit of NIC-place’s leading carrier solutions with the largest global real-time visibility network in the world.”
Rainer Linke of European carrier Unterer Logistics said: “We’re excited to see these two market leaders joining forces,” says European Carrier Rainer Linke, Unterer Logistics. “With their shared commitment to secure, carrier-controlled data sharing, collaboration and ongoing innovation, we are excited about the value this union will bring to the broader European logistics community.”
This will bring global shippers the most comprehensive end-to-end global supply chain visibility platform.
The acquisition will also accelerate the adoption of secure real-time visibility solutions specifically designed for carriers. Moreover, it shortens the time to value for shippers with complex, multimodal carrier networks.
As a FourKites company, NIC-place will continue to focus on carrier-specific solutions, while leveraging FourKites’ leading shipper network, global scale and R&D engine to accelerate the pace of innovation.
The two companies will retain the NIC-place name and will retain the NIC-place office in Germany to expand their teams and operations.
FourKites’ acquisition of NIC-place comes on the heels of record growth for both companies as they address the challenges fueled by the ongoing global supply chain crisis.
FourKites will demonstrate the NIC-place solution and the value it brings to carriers and shippers in a live webinar on Wednesday, February 16th.
