enVista recently announced the sale of its global freight audit and payment (FAP) services and its Enspire Commerce platform of omnichannel software solutions, including its market-leading order management system (OMS), to Körber.
Targeted to close September 1, 2022, the sale will allow enVista to strategically focus on fast-tracking growth plans for its global supply chain consulting, IT managed services, Microsoft, robotics and automation solutions, while giving enVista’s commerce and transportation offerings a broader software platform and ecosystem for accelerated growth at Körber.
As part of the acquisition, approximately 400 of enVista’s 850 global associates will transition to Körber, including enVista CEO Jim Barnes, who will help lead Körber’s strategic direction and Unified Commerce and FAP practices, reporting to Chad Collins CEO Software, Körber Business Area Supply Chain. Barnes will continue to be part of enVista’s strategic leadership as a remaining owner and member of a board of directors that will be put into place. enVista partner and co-founder, John Stitz, will become enVista’s CEO at the time of closing.
Körber will acquire enVista’s offices in India, Canada, the UK, Singapore and Australia and a portion of enVista’s Carmel, Indiana headquarters. enVista will retain a development and operations presence in India.
J.P. Morgan acted as exclusive financial advisor to enVista. The terms of the transaction have not been disclosed.
ABOUT ENVISTA
enVista is a leading global provider of consulting, technology, managed services, and automation solutions that optimize and transform physical and digital commerce.
ABOUT KÖRBER
Körber is a worldwide international technology group intent on turning entrepreneurial thinking into customer success, shaping technological change, and building ecosystems that solve the challenges of today and tomorrow.
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Author: IndustrialSage News
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