An American-European software marriage
The US-American company Four Kites has acquired NIC-place, a European supply chain visibility provider. With its own data control centre (DCC), NIC-place offers carriers ways to share supply chain data with customers and keep complete control of their business, their networks and their data.
NIC-place was founded in 2016 and is headquartered in Germany. A number of companies, such as Kuehne+Nagel, H. Essers, Unterer, Quehenberger and Frigotrans, rely on its track- and monitor-technology for millions of shipments every year.
Four Kites founder and CEO Mathew Elenjickal said that "this acquisition creates a powerhouse of carrier- and shipper-focused expertise that accelerates end-to-end visibility.”
According to a recent research report on the state of European supply chains by Reuters and Four Kites, 78% of European companies indicated that end-to-end freight traceability was their biggest supply chain pain point. (sh)