The acquisition will combine E2opens's base od 70,000 partner companies and 200,000 users, many of the biggest brands and manufacturers across a range of industries with INNTRA's multi-carrier network across 177 countries with more than 35,000 active shippers and 60 carriers. One in four containers booked globally goes through INTTRA's systems.
“E2open and INTTRA have a similar consortium heritage and culture – both were born to solve similar problems for their respective ecosystems, to improve efficiencies, overcome data exchange constraints, and reduce the friction associated with doing business,” said John Fay, CEO of INTTRA. “In joining forces with E2open, a company that shares our values and understands the benefits of global business networks, we envision a single platform with accelerated innovation to connect, streamline, and operate all aspects of global manufacturing, logistics, and distribution, resulting in immediate benefits for all stakeholders.”
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No financial details were revealed on the transaction which is expected to close at the end of the year following regulatory approvals.
“The combination provides value to all stakeholders – manufacturers, logistics service providers, freight forwarders and ocean carriers,” said Michael Farlekas, CEO of E2open. “We aim to bridge the gap between manufacturing and logistics with execution capabilities on a unified platform with real-time end-to-end visibility.”
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