DCVelocity Covers Korber/DMLogic Acquisition


Körber buys majority stake in DMLogic

The German technology company is expanding its footprint in U.S. systems integration sector.

By Ben Ames, DCVelocity

German technology provider Körber AG has bought a majority stake in logistics software provider DMLogic LLC in a bid to expand the European firm's presence in the U.S. systems integration sector.

The move was designed to broaden the footprint of Körber's Logistics Systems GmbH division, a provider of digital solutions for the smart factory (production logistics), the warehouse, e-commerce, and management of the entire supply chain, the company said.

Körber did not disclose specifics of the deal. Pittsburgh-based DMLogic will continue to operate under its own brand as an independent entity under the Körber umbrella, Bob Kennedy, DMLogic's vice president of business development, said in an interview.