Elemica expands logistics footprint with acquisition of Eyefreight Transportation Management
Elemica has acquired Eyefreight, a global player in multi-modal SaaS Transportation Management Solutions (TMS). The combination creates a unified global logistics and supply chain network. Together, TMS offers the full advantage of Elemica’s global end to end supply chain network while providing Elemica customers the ability to incorporate transportation management capabilities to their supply chain.
Rich Katz, CEO, Elemica, said, “This acquisition is part of our long-term strategy to provide the most comprehensive end to end supply chain platform available in the market by combining the best of breed SaaS applications with our core digital supply network.”
The addition of the TMS capabilities with the Elemica Digital Supply Network will provide clients a single platform for multi-national shipment optimisation, freight settlement, and execution. These new capabilities will leverage an extensive and connected network of carriers and logistics service providers for enhanced multi-modal visibility and business intelligence. The integration into the Elemica Digital Supply Network will enable clients to automate, collaborate and provide the visibility needed across their end-to-end supply chain processes.The terms of the transaction were not disclosed.