E2open has completed the previously announced acquisition of ocean shipping network, software and information provider INTTRA after securing regulatory approval.
The acquisition brings together the largest ocean shipping network with the beneficial cargo owner (BCO) supply chain network.
The combination is set to provide real-time end-to-end visibility with the ability to monitor and react to changing global needs and efficient ocean shipping.
It will result in better utilisation of logistics capacity with improved visibility into manufacturing forecasts and shipping needs in the future.
Following the acquisition announced in October, E2open will offer ‘INTTRA by E2open’ as a dedicated product offering.
This would provide INTTRA customers with transportation management and port system integrations that drive more than 25% of all ocean containers shipped across the globe.
E2open president and CEO Michael Farlekas said: “Global trade slows for no one and customers demand solutions that streamline information flows across manufacturers, suppliers, shipping services, ocean carriers and participants of all sizes.
“INTTRA by E2open will bring even more value and ease of use to customers who need to make supply chain and logistics management their competitive advantage through a unified platform and real time end-to-end visibility – further bridging the gap between planning and execution.”
Avantida, a European technology provider that assists in optimising the handling of empty containers and part of the INTTRA acquisition, will help to coordinate land-based activities such as container reuse and repositioning.
The companies have not disclosed the deal value.
Streamlining the ocean trade process, INTTRA connects more than 35,000 shippers across 177 countries with 60 carriers and 150 software alliance partners.