Inside Logistics

Done deals: October 27, 2020

Contracts, mergers, acquisitions and big deals in the supply chain sector this week


October 27, 2020
by

6 River Systems (6RS), part of Ottawa, Ontario-based Shopify Inc., has won a contract with Project Verte, an e-commerce fulfillment operation. 6RS will support fulfillment at Project Verte’s distribution centre in Atlanta, Georgia, which fills orders for numerous retailers and brands. The Atlanta DC will also serve as 6 River Systems’ southeast hub for site tours, allowing fulfillment professionals in the Atlanta area to tour an active, high-volume warehouse.

Penske Logistics has won a new contract with BMW Manufacturing Co., for Lead Logistics Provider (LLP) services at the car manufacturer’s South Carolina plant, which is its most productive. Penske will manage inbound and outbound parts logistics for the plant using a variety of truckload and less-than-truckload third-party trucking carriers in this process.

Casio Computer Co., Ltd. has renewed it contract with Ottawa, Ontario-based Kinaxis Inc. Since 2003, Casio has been using the Kinaxis RapidResponse platform and a suite of applications including master production scheduling, inventory management and capacity planning. Casio was Kinaxis’ first customer in Japan 17 years ago.

Yard management software supplier PINC has acquired RailcarRx. RailcarRx software provides maintenance, repair, fleet and asset management insights.  RailcarRx will continue to operate with the existing staff and supplier relationships. This transaction marks the second add-on acquisition for PINC in less than thirty days – PINC acquired a transportation management software (TMS) carveout from Wabtec Corporation in September, 2020.

De Havilland Aircraft of Canada Limited is replacing 300+ legacy business applications with an extended enterprise resource planning (ERP) platform from IFS. IFS Applications will be deployed in the cloud at De Havilland Canada’s facilities in Toronto and will support operational processes including sales and order management, manufacturing, materials management, procurement and finance, and aftermarket support. The solution will be implemented by IFS partner Tsunami Tsolutions.

Pharmaceutical cold chain specialist AeroSafe Global closed a US$47.5 million round of growth financing from new investors Merck Global Health Innovation Fund (GHI) and Escalate Capital, along with existing investors Peloton Equity, LLC (Peloton), Hamilton Lane, Flexstone Partners and WAVE Equity Partners. Comerica Bank also expanded the company’s borrowing capacity as part of the round. AeroSafe will use the funding to support new value-added services and technologies, and expand into new regions.