G7 Join and E6 Know-how Announce Completion of Merger

The Group is effectively positioned to supply prospects with extra cost-competitive, premium companies by optimizing its provide chain and repair networks and decreasing procurement and working bills. It additionally plans to proceed investing in expertise and R&D in a transfer to supply prospects with invaluable data-driven merchandise, with the purpose of facilitating an industry-wide improve to a linked provide chain supported by information intelligence.

G7 and E6 have been among the many few fleet administration companies that have been able to offering IoT SaaS options as a consequence of substantial investments in IoT, information, algorithms and software program applied sciences alongside continued strengthening of their respective benefits in expertise as a approach to construct boundaries to opponents. Each companies had additionally explored and applied differentiated approaches based mostly on their respective core competencies. Notably, G7 had established a management function within the space of IoT expertise empowered software program subscription, and total capability and transactions on transpiration, power, insurance coverage and tools, whereas E6 had been devoted to offering software program subscription companies to giant cargo homeowners and logistics suppliers, turning into a frontrunner inside the area of client logistics, together with fast-moving client items (FMCG), retail, meals, and chilly chain logistics.

“Though the digital transformation journey of the sector has simply begun, freight cooperators are wanting ahead to altering how they function and attaining enterprise success by way of the applying of digital options,” mentioned the chairman and CEO, Mr. Zhai. “The mixture of G7 and E6 allows us to take a position extra firmly in expertise and to additional create worth for our prospects by the use of data-driven merchandise.”

“Previous to the merger, each corporations believed within the significance of serving to prospects succeed and bringing modifications to the sector by advantage of IoT SaaS companies whereas post-merger, the shared perception has turn out to be our frequent ambition,” said the vice chairman, Mr. Zhang. “We plan to proceed offering premium services and products with the objective of constructing an impressive SaaS firm with an ongoing dedication to creating worth for purchasers.”

G7, a number one supplier of IoT SaaS companies for the street freight transport sector, served a variety of small, medium and huge freight supervisor with IoT-based software program subscriptions and transaction companies. The agency, by persevering with improvements in expertise and increasing its portfolio, had been main the sector by way of software program subscriptions in addition to transaction companies for transport capability, power, insurance coverage and tools. E6, a pioneer in IoT SaaS companies for the sector, had been devoted to offering prospects with IoT-based software program subscription companies with a deal with giant cargo homeowners and logistics corporations. With a continued dedication to tightly-run operations and superior companies, the corporate has earned a popularity because the darkish horse within the FMCG, retail, meals and chilly chain segments.

As two leaders within the IoT expertise and software program companies area, each G7 and E6 had been specializing in offering IoT applied sciences and software program to giant cargo homeowners and logistics suppliers in addition to to tens of hundreds of freight managers. Previous to the merger, the 2 companies collectively served over 80% of China’s giant cargo homeowners and logistics suppliers along with aiding virtually 30,000 small and medium-sized freight managers in bettering effectivity and rising income.

The merger obtained robust assist from each companies’ shareholders. AnJie Legislation Agency, Llinks Legislation Workplaces, World Legislation Workplace, Simpson Thacher & Bartlett, Deloitte, KPMG and Boston Consulting Group offered skilled companies for each the transaction and integration efforts. Following the completion of the merger, World Logistic Properties’ personal fairness arm Hidden Hill Capital, Tencent, Cainiao Sensible Logistics Community and different buyers have every appointed representatives to the Group’s board of administrators in tandem with finishing up particular duties with an eye fixed to additional deepening their enterprise collaboration.

^{¹ Freight supervisor discuss with enterprises that handle the operation and buying and selling actions of street freight, together with giant, medium and small cargo homeowners, logistics corporations, self-owned fleets, outsourced fleets, commerce buying and selling corporations , manufacturing enterprises, and so on. Based on a BCG analysis report, about 700,000 freight supervisors carry about 85% of China’s street freight quantity and are main gamers within the street freight market.}

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Media Contact:
Peipei Lin, [email protected]
Shuai Zhang, [email protected]

SOURCE G7 Join Inc.