Körber said it has signed an agreement to acquire a majority stake in Stellium, a supply chain consulting firm based in Houston. Under the plan, Stellium will become part of a new company called Körber Stellium once the deal closes.
What’s Related
Stellium works with SAP tools to help companies run their supply chains and manufacturing. It has offices in North America, the Middle East, and India. Körber has been building its own supply chain business around consulting and software, and this move brings the two teams together.
Körber said the deal strengthens its reach in key markets and adds more SAP know-how to its business. The companies said they plan to help customers build supply chains that can handle change, stay strong, and grow even in a tough global market.
“Strengthening our software consulting capabilities with Stellium is a strategic step in advancing our vision of market leadership through technology leadership,” said Stephan Seifert, CEO of Körber. He added the move helps Körber reach more places and “help customers master the challenges and opportunities of tomorrow’s supply chains.”
Stellium’s CEO, Randeep Nambiar, called the deal “a defining moment for Stellium and, more importantly, for our customers.” He said the combined company will be well positioned to help customers build supply chains that are ready for whatever comes next.
