Korber Acquires Centriq, a Leading Provider of Voice-directed Warehousing and Modeling Solutions

PR74082

HAMBURG, Germany, June 21, 2018 /PRNewswire=KYODO JBN/ --

- Transaction covers Centriq Group Ltd., including its voice solution business

Voiteq and modeling and simulation business Cirrus Logistics

- Acquisition establishes Korber's Business Area Logistics Systems as leading

company for implementation of voice technology in logistics

- Centriq provides Korber with strong market presence in the UK as the basis to

grow internationally

With the acquisition of Centriq Group Ltd., the international technology group

Korber reinforces its Business Area Logistics Systems. The acquisition has been

completed as of June 20, 2018.

Through its business Voiteq, Centriq is a leading provider of solutions and

services related to logistics, in particular focusing on the voice solution

market. Voiteq provides voice software solutions and services with its product

'VoiceMan'. Centriq's Cirrus Logistics subsidiary supplies software and

services that use advanced optimization and simulation techniques to develop

and execute supply chain strategies. Additionally, Centriq offers services for

their products: among others voice-as-a-service subscription, supply chain

consulting, implementation and integration or logistics hardware consulting,

design and site surveys. Main customers for Centriq's products come from the

food & beverage, retail, and third party logistics (3PL) industries.

     (Photo:

https://mma.prnewswire.com/media/709105/Korber_Acquires_Centriq.jpg )

This acquisition complements Korber's existing strong North American voice

business, Vitech Business Group, and creates one of the world's largest and

most experienced Honeywell Vocollect voice integration teams. The combined

organization offers local and global customers the widest range of proven

products and services to enable them to gain the substantial benefits of

voice-directed work. "With the successful acquisition of Centriq we have added

another key component to our logistics portfolio. Its excellent team will

enable us to strengthen our internationally leading position in the SCM segment

with access to multinational project opportunities," emphasizes Stephan

Seifert, Chairman of the Group Executive Board at Korber AG. "Moreover, we will

bring added value to our existing and future customers as we will be able to

offer a more comprehensive product and service portfolio on a global scale."

Hubert Klob, CEO of the Korber Business Area Logistics Systems, adds: "Growth

in e-commerce and changing customer demands are putting a strain on supply

chains and driving a trend toward continuous process improvements. Centriq is a

major international player for products that enable higher efficiency in

warehousing with direct delivery capability into global blue-chip

organizations. The voice solutions of Voiteq for example keep workers' hands

and eyes free, improving comfort, productivity and accuracy. This addition to

our Business Area will establish Korber Logistics Systems as one of the

globally leading suppliers of voice technology in logistics."

David Stanhope, CEO of Centriq Group, Ltd., says: "Speaking on behalf of the

whole management team at Centriq, we are very excited about joining the

successful Logistics Systems Business Area and the Korber Group as a whole. For

our team of technical experts that serves some 300 clients at 500 sites with

award-winning products already, the prospect of joint further growth comes at

the right time." He further explains: "We estimate that more than 90% of

warehouses across the world are yet to adopt voice technology. Together with

the existing SCM portfolio of Korber Logistics Systems, we will be able to

strengthen our international platform and - thanks to the integrated offerings

portfolio - provide more benefits for our customers."

About Korber

Korber AG is the holding company for an international technology Group with

approx. 12,000 employees around the world. The Group comprises leading-edge

technology companies and more than 140 production, service, and sales entities.

At locations around the globe, Korber combines the benefits of a

globally-present organization with the strengths of highly-specialized,

flexible, medium-sized enterprises that offer their customers solutions,

products, and services in the Business Areas of Automation, Logistics Systems,

Machine Tools, Pharma Systems, Tissue, Tobacco, Corporate Ventures and Korber

Digital.

About Korber Logistics Systems

The Business Area Logistics Systems, belonging to the international technology

group Korber and based in Bad Nauheim, Germany, is the leading provider of

fully integrated applications for the optimization of complex internal and

external logistics processes. Under the umbrella brand Korber Logistics, the

Business Area provides digital solutions for smart factories (production

logistics), warehouses, e-commerce, and the management of entire supply chains.

In three Business Units, the umbrella brand unites the companies Aberle GmbH

and Consoveyo S.A. (System Integration), Langhammer GmbH and Riantics A/S

(Product Solutions), Inconso AG, Aberle Software GmbH, HighJump and DMLogic LLC

(Software). They offer an extensive range of products and services, from system

integration to technologies for storage, palletizing, de-palletizing and

conveyor systems, through to software.

About Centriq Group Ltd.

Centriq Group provides innovative IT solutions in the logistics, supply chain

and retail sectors around the world. Centriq Group acts as a holding company

for the following subsidiaries: Voiteq Ltd, Voiteq Inc, Cirrus Logistics Ltd

and Cirrus Logistics Inc. Voiteq provides voice software solutions and services

with its 'VoiceMan' product suite. Cirrus provides decision support software

solutions and services with its 'CLASS', 'COST2SERV' and Marine Enterprise

Suite (MES) applications. The company's headquarters are located in Blackpool

(UK) with additional offices in Basingstoke (UK), Atlanta (USA), Berlin

(Germany), Troyes and Aix-en-Provence (France).

Further information is available at http://www.koerber.de/en ,

http://www.koerber-logistics.com/en and https://centriqgroup.com/

Contact partners (general and business media):

Matthias Mezele

Senior Manager Group Communications

Korber AG

Tel.: +49-40-211-07-364

Mob.: +49-173-75-19-148

E-mail: matthias.mezele@koerber.de

Daniela Kalmbach

Senior Manager Group Communications

Korber AG

Tel.: +49-40-211-07-347

Mob.: +49-151-52-420-229

E-Mail: daniela.kalmbach@koerber.de

Contact partner (trade / technical press):

Sinead Elliott Group Marketing Executive

Centriq Group

Tel.: +44-1253-603770 (3614)

Mob.: +44-7890-551606

E-mail: sinead.elliott@voiteq.com