Daily Digital Magazine: Pg. 10 — December 4, 2018

project44 acquires visibility provider GateHouse Logistics

The combined product offering will become “the first truly global visibility platform” and the largest across North America and Europe, according to the companies.

   Supply chain software firm project44 has acquired GateHouse Logistics, a Norresundby, Denmark-based freight transportation visibility provider, the companies announced in a joint statement Tuesday morning.
   The financial terms of the deal were not disclosed, but according to project44, the acquisition will create “the first truly global visibility platform” and the largest platform across North America and Europe, with connections to 175,000 capacity providers and more than 550 telematics data providers and integrations with all major transportation management systems (TMS), such as SAP, Oracle and JDA, as well as accelerate the development of future visibility offerings.

project44 acquires visibility provider GateHouse Logistics

The combined product offering will become “the first truly global visibility platform” and the largest across North America and Europe, according to the companies.

project44 acquires visibility provider GateHouse Logistics

The combined product offering will become “the first truly global visibility platform” and the largest across North America and Europe, according to the companies.

 
Continued from previous page
   Supply chain software firm project44 has acquired GateHouse Logistics, a Norresundby, Denmark-based freight transportation visibility provider, the companies announced in a joint statement Tuesday morning.
   The financial terms of the deal were not disclosed, but according to project44, the acquisition will create “the first truly global visibility platform” and the largest platform across North America and Europe, with connections to 175,000 capacity providers and more than 550 telematics data providers and integrations with all major transportation management systems (TMS), such as SAP, Oracle and JDA, as well as accelerate the development of future visibility offerings.
   Company officials said the merged product offering will be designed to meet the needs of a wide range of cargo owners, from manufacturers and retailers to end consumers, looking for a “single view” into their entire supply chain operations to increase transparency, predictability and efficiency. In order to ensure a smooth integration, project44 immediately will make all GateHouse Logistics solutions available in its Advanced Visibility Platform and current GateHouse Logistics offerings will continue to be supported during the transition.
   “Many global businesses — from retailers to manufacturers — are looking for ways to digitally transform their supply chains and create new business value,” Jett McCandless, CEO and founder of project44, said of the purchase. “We partnered with GateHouse Logistics earlier this year because they offer the largest European capacity provider network, share our commitment to high-fidelity data and have a ‘customer first’ mentality. By bringing our companies together permanently, we have created the first-ever single-pane view into all our customers’ global shipments — an unmatched value.”
   Under the acquisition agreement, all GateHouse Logistics employees will be retained as employees of project44, and former GateHouse Logistics CEO Jesper Bennike has been named executive vice president of business development of project44.
   “Our mission is perfectly aligned with project44,” said Bennike. “By coming together to create the largest visibility platform across North America and Europe, our customers will be able to capture the deep business value that a single global provider can enable, while gaining access to the high-fidelity data analytics, automation and predictability of the project44 Advanced Visibility Platform.”

[Air] cargo is in the doldrums with smaller volumes being shipped over the last four months than a year ago. And with order books weakening, consumer confidence deteriorating and trade tensions hanging over the industry, it is difficult to see an early turnaround. 

The U.S. international trade goods and services deficit was $49.4 billion in February, down $1.8 billion from January's revised figures, according to U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

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