Cloud-based supply chain solutions provider E2open has completed its acquisition of Amber Road by purchasing outstanding shares.
Cloud-based supply chain solutions provider E2open has completed its acquisition of Amber Road by purchasing the outstanding shares of the global trade management software and services firm.
The shares were valued at $13.05 apiece. E2open did not reveal how much it paid in total for the Amber Road shares.
Chicago Merger Sub Inc., a subsidiary of E2open, completed an all-cash tender offer for all of the outstanding shares of Amber Road common stock, followed by a merger.
“As a result of the tender offer and the merger, Amber Road became a privately held subsidiary of E2open, and Amber Road shares have ceased to be traded on the New York Stock Exchange,” the Austin, Texas-based company said in a press release on Tuesday.
E2open said that its inclusion of Amber Road “brings together two complementary platforms” and “Amber Road’s capabilities will be integrated seamlessly with E2open’s platform of intelligent applications for logistics and trade management.”
E2open said its more than 100,000 users will have the ability to use Amber Road’s capabilities to “operate all aspects of global sourcing, manufacturing, logistics, distribution, trade and compliance.”
“Efficient global trade is paramount for modern businesses,” said Michael Farlekas, E2open’s president and CEO, in a statement. “The addition of Amber Road to the E2open platform will add immense value for customers, adding global trade management solutions to our leading cloud-based platform of networked supply chain solutions.”