Siemens Logistics and Airport Solutions has acquired AXIT, a software company specialising in cloud-based IT platforms for logistics process management.
This acquisition opens up new perspectives for cross-industry growth in the logistics software business. The transaction is subject to approval by the German Federal Cartel Office, and is expected to be completed by April. Both companies have agreed to keep financial details confidential.
AXIT is a leading provider of cloud-based software solutions in the European logistics sector, and has a comprehensive user base with renowned customers in logistics, industry and commerce. Headquartered in Frankenthal, Germany, AXIT also maintains a software development centre in Wroclaw, Poland.
Cloud-based software has already become a distinguishing feature in the logistics market, and is considered to be key for end-to-end supply chain management. Owing to the ever increasing complexity in logistics, IT is more and more the driver behind innovative solutions for the control and optimisation of processes.
Through the merger with AXIT, LAS will become a pioneer of this innovative technology and will be able to provide comprehensive IT solutions for end-to-end transparency in supply chain management. This will enable customers to benefit from an enhanced, integrated solution portfolio from a single source.
Siemens Logistics and Airport Solutions CEO Michael Reichle said: "The acquisition of AXIT is a major step for us to strategically reposition our company.
"IT, software, and the ability to use important logistics information to add value for our customers are key aspects of our innovation strategy. AXIT has excellent products, superior expertise and enjoys an outstanding reputation in the German market. We are pleased to give further strength to our market position through this merger."
AXIT CEO Holger Schmitt said: "For AXIT, this is the right way to accelerate our business growth at the international level. LAS has the perfect global organisation that is important for us, as well as a global sales network with its own presence, from which we will benefit."
Both companies will pool their competences to develop innovative solutions and open up new markets.