DB Schenker buys logistics software provider

To strengthens digital strategy and move towards cloud-based software for small and medium-sized customers, DB Schenker has acquired logistics software provider, Bitergo. The Germany-based companies worked closely together for three years prior to the takeover on May 31, said a release. Bitergo will continue to serve external customers as an independent entity. The partnership with DB Schenker is expected to help push Bitergo’s solutions to the market, develop new solutions more quickly and open international markets. Christa Koenen, Chief Information Officer/Chief Development Officer at Schenker AG, said, “For us, Bitergo is an ideal partner that we are happy to integrate into our vision of managing the supply chain digitally and end-to-end in the future. The European market for software-as-a-service providers in logistics is highly fragmented and does not meet the requirements of all players. Furthermore, competitors have very different backgrounds, core competencies, and value propositions. This cooperation creates great synergies: DB Schenker brings the global network as well as the long-standing competence in logistics and technology. Bitergo brings experience, expertise, and a great vision.”