SupplyOn AG takes over Eurolog AG and invests in further expansion
SupplyOn AG (Hallbergmoos/Munich Airport) today announced at a press conference the acquisition of Eurolog AG. This will create the European market leader for a fully integrated supply chain and transport management solution in discrete manufacturing / Industry 4.0. This strengthens SupplyOn's already strong presence in the United States and China further and enforces Eurolog's internationalization strategy.
“SupplyOn has already offered a leading global supply chain solution for our core industries automotive, aerospace, rail and manufacturing for some years. With the acquisition of Eurolog, we are complementing the SupplyOn SCM solution with an own fully integrated transport management solution. The synergies of the acquisition will enable us to accelerate our global expansion and open up new markets faster." Markus Quicken, CEO SupplyOn.
“Eurolog will remain as a separate company with its own solution for the Eurolog target market. For the SupplyOn target market, however, the takeover creates an end-to-end and completely integrated solution from purchasing to quality management as well as to supply chain and transport management." Dr. Stefan Brandner, Member of the Board, SupplyOn.
“By integrating the Eurolog solution and network into the SupplyOn ecosystem, we cannot only expand our services to meet future challenges, but we can also significantly expand our ecosystem. This gives our customers and users even more benefits like lower costs, faster and easier processes." Dr. Hermann Schindler, Senior Executive Vice President, SupplyOn.
“By working closely with SupplyOn in the future and making sustained investments in our further expansion, we will not only be able to accelerate growth in our core markets, but also to expand faster into China and North America." Jörg Fürbacher, Managing Director of Eurolog.
The shareholders of SupplyOn (Bosch, ZF, Continental and the Schaeffler Group) welcomed the step. Financial details of the transaction were not disclosed. Nothing will change for the customers of the two companies in the first phase. In the next months the two platforms will be then developed further so that additional modules with more benefits are available to customers as an option.
The location of the two companies is Hallbergmoos at the Munich airport and this remains unchanged. The closeness of the existing offices enables an easy and fast cooperation. Both companies will continue to expand their workforce at a rapid pace.