E2open to acquire cloud based global trade management business Amber Road in $425mn deal
Austin, Texas-based supply chain technology company, E2open announced this week its entrance into a definitive agreement with New Jersey-global trade management (GTM) company Amber Road, Inc. The deal will see E2open - through a subsidiary - commence a tender offer for all the outstanding shares of Amber Road common stock for US$13.05 per share in cash. The total transaction will have an approximate value of $425mn.
E2open is one of the premier cloud-based providers of networked supply chain solutions, featuring a complete portfolio of applications that enable the world’s most complex supply chains to better plan, collaborate, and execute their end-to-end operations.
Amber Road’s cloud-based global trade management (GTM) platform helps companies across all industries to digitize their supply chain with rich solutions across sourcing, global logistics and trade compliance. To speed cycle times and improve decisions, the platform is powered by Global Knowledge, a digital repository of global trade rules and regulations across 170 countries. Amber Road maintains a global trade network of suppliers, product testing firms, transportation carriers, forwarders, brokers, and other customs regimes to promote collaboration and streamline end-to-end processes. Amber Road has built a strong reputation of successfully automating the complex supply chains of Global 1,000 companies as well as serving a range of mid-enterprise customers in a variety of industries.
The combined company will provide its customers with a complete, end-to-end solution, particularly with regard to regulatory interactions and expanded networks of global trade partners.
“In joining forces we envision a solution suite with accelerated innovation to connect, streamline, and operate all aspects of global sourcing, manufacturing, logistics, distribution, trade and compliance, resulting in immediate benefits for all stakeholders. Using a combination of enterprise-class software, intelligent trade content, and a global trade network, Amber Road has transformed the manner in which companies manage global trade and established itself as the thought leader in this space,” said Michael Farlekas, President and Chief Executive Officer of E2open. “We believe combining Amber Road’s advanced trade management and supply chain capabilities with E2open’s end-to-end networked supply chain solutions will further improve margins, lower risks and drive operational flexibility and efficiency for our customers.”