Skip to content
Search AI Powered

Latest Stories

inbound

Three tech pioneers get new owners

Psion, Ariba, and Savi Technology have all been snapped up since late September.

It's been a busy fall when it comes to mergers and acquisitions in the supply chain technology world. Three recent buyouts were particularly notable because they involved companies that are acknowledged pioneers in their respective niches.

On Oct. 1, Motorola completed its acquisition of Psion PLC, the global manufacturer of rugged mobile computing devices. One of Psion's claims to fame is its unique "Ingenuity Working" collaborative environment for users and product developers worldwide. Motorola said it acquired Psion to expand its mobile computing portfolio, noting that Psion's products complement Motorola's own offerings and will allow it to expand its presence in warehousing, cold chain, port, yard, and specialized modular applications.


That same day, enterprise software giant SAP AG announced it had completed its acquisition of Ariba Inc., developer of what Ariba says is the world's largest Web-based trading community. SAP said it would consolidate all of its cloud-related supplier assets under Ariba, which has long been a mainstay in the area of supplier and procurement management.

And just a week earlier, Savi Technology was acquired by affiliates of LaSalle Capital Group, a specialist in buyouts of mid-market companies. Savi, which pioneered the use of active radio-frequency identification (RFID) technology in the military and in remote, infrastructure-poor regions, says it operates the world's largest RFID network, spanning more than 50 countries. Savi was acquired by Lockheed less than a decade ago but, citing a lack of growth prospects in defense markets, Lockheed announced in 2011 that it was seeking a buyer.

The Latest

More Stories

aerial photo of warehouses

Prologis names company president Letter to become new CEO

Logistics real estate developer Prologis today named a new chief executive, saying the company’s current president, Dan Letter, will succeed CEO and co-founder Hamid Moghadam when he steps down in about a year.

After retiring on January 1, 2026, Moghadam will continue as San Francisco-based Prologis’ executive chairman, providing strategic guidance. According to the company, Moghadam co-founded Prologis’ predecessor, AMB Property Corporation, in 1983. Under his leadership, the company grew from a startup to a global leader, with a successful IPO in 1997 and its merger with ProLogis in 2011.

Keep ReadingShow less

Featured

AI sensors on manufacturing machine

AI firm Augury banks $75 million in fresh VC

The New York-based industrial artificial intelligence (AI) provider Augury has raised $75 million for its process optimization tools for manufacturers, in a deal that values the company at more than $1 billion, the firm said today.

According to Augury, its goal is deliver a new generation of AI solutions that provide the accuracy and reliability manufacturers need to make AI a trusted partner in every phase of the manufacturing process.

Keep ReadingShow less
AMR robots in a warehouse

Indian AMR firm Anscer expands to U.S. with new VC funding

The Indian warehouse robotics provider Anscer has landed new funding and is expanding into the U.S. with a new regional headquarters in Austin, Texas.

Bangalore-based Anscer had recently announced new financial backing from early-stage focused venture capital firm InfoEdge Ventures.

Keep ReadingShow less
Report: 65% of consumers made holiday returns this year

Report: 65% of consumers made holiday returns this year

Supply chains continue to deal with a growing volume of returns following the holiday peak season, and 2024 was no exception. Recent survey data from product information management technology company Akeneo showed that 65% of shoppers made holiday returns this year, with most reporting that their experience played a large role in their reason for doing so.

The survey—which included information from more than 1,000 U.S. consumers gathered in January—provides insight into the main reasons consumers return products, generational differences in return and online shopping behaviors, and the steadily growing influence that sustainability has on consumers.

Keep ReadingShow less

Automation delivers results for high-end designer

When you get the chance to automate your distribution center, take it.

That's exactly what leaders at interior design house Thibaut Design did when they relocated operations from two New Jersey distribution centers (DCs) into a single facility in Charlotte, North Carolina, in 2019. Moving to an "empty shell of a building," as Thibaut's Michael Fechter describes it, was the perfect time to switch from a manual picking system to an automated one—in this case, one that would be driven by voice-directed technology.

Keep ReadingShow less