E2open, Austin, Texas, announced plans to acquire Amber Road, Inc., East Rutherford, N.J., for approximately $425 million.
E2open is a cloud-based provider of networked supply chain solutions, featuring a complete portfolio of applications that enable 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 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 Amber Road's Global Knowledge platform, 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.
The combination of E2open and Amber Road will allow customers to operate their entire end-to-end supply chain – from sourcing to manufacturing to trade management to logistics and distribution to omni-channel operations – from one place in the cloud.
Specifically, the addition of Amber Road’s solutions will extend E2open’s portfolio with:
· Rich trade content information services to improve sourcing decisions;
· Integrated trade management solutions to automate import and export processes;
· Extensive duty deferral and free trade agreement management solutions to improve margins;
· A complementary network of global trade partners with customs filing capabilities.
“The combination of E2open’s supply chain and logistics technologies with Amber Road’s global trade management platform will also allow customers to more fully digitize their operations and better compete in global markets. The deal will also deliver an excellent return for Amber Road’s shareholders, as the $13.05 price per share being paid by E2open represents roughly a 45% premium to Amber Road’s 90-day average closing price,” says James Preuninger, chief executive officer of Amber Road.
“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,” says Michael Farlekas, president and CEO 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.”