TEXAS based supply chain software firm E2open is taking over New Jersey's ocean freight schedule and
booking platform INTTRA, reports American Shipper.
Without disclosing financial terms,
the companies said the transaction is expected to close by the end of the year,
pending regulatory approvals.
The move is one of many recent
transactions aimed at bringing more of the entire end-to-end supply chain process
under one roof, creating a "unified global logistics
network".
Said E2open vice president Pawan Joshi:
"Where INTTRA stops once the cargo reaches the destination port, E2open
picks up and manages the distribution. As a result, the overlap between our two
networks is actually very minimal. It's very unique in that sense."
Even where the two networks do
overlap are "more synergistic than disruptive," he said.
Source : HKSG.
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