The merger brings together IoT technological innovation with application products and services to empower the road freight transportation sector
BEIJING, June 10, 2022 /PRNewswire/ — G7 Link Inc. (“G7”), a fleet administration corporation backed by Tencent Holdings Ltd., and E6 Technological know-how (“E6”), introduced the merger of the two corporations. The merger took put in the initial quarter of 2022, with the preliminary phase of their business integration obtaining been accomplished. G7 co-founder and CEO Zhai Xuehun has been appointed as chairman and CEO of the merged group (hereafter referred to as the “Group”), although E6 chairman and CEO Zhang Jingtao will provide as vice chairman and G7 CFO Zhang Jielong as CFO.
The merger will produce the major and most influential computer software provider company in the sector, with companies spanning key vertical marketplaces covering each output and shopper logistics. The Group’s prospects incorporate main gamers in the trillion-yuan road freight transportation industry. With its merchandise portfolio serving as a just one-stop digital support that integrates subscriptions and transactions, the merged entity consolidates the two prior firms’ pros in technological innovation, earning it the only technology company in the sector to provide a extensive selection of World-wide-web of Matters (IoT) application as a services (SaaS) providers.
The Team is perfectly positioned to supply buyers with far more expense-competitive, quality products and services by optimizing its source chain and provider networks and cutting down procurement and running expenses. It also ideas to keep on investing in engineering and R&D in a shift to give customers with beneficial facts-pushed products, with the intention of facilitating an business-huge enhance to a linked offer chain supported by data intelligence.
G7 and E6 have been amid the couple fleet administration corporations that were being capable of offering IoT SaaS answers because of to significant investments in IoT, data, algorithms and program technologies alongside ongoing strengthening of their respective pros in engineering as a way to develop obstacles to competition. Both companies experienced also explored and executed differentiated methods primarily based on their respective core competencies. Notably, G7 experienced recognized a leadership part in the region of IoT technology empowered computer software subscription, and overall ability and transactions on transpiration, energy, insurance policies and devices, although E6 had been dedicated to providing software package membership companies to big cargo homeowners and logistics companies, turning into a chief inside of the area of consumer logistics, which include rapidly-moving buyer products (FMCG), retail, meals, and chilly chain logistics.
“Though the digital transformation journey of the sector has just begun, freight cooperators are on the lookout ahead to modifying how they run and obtaining business achievements by way of the software of digital methods,” said the chairman and CEO, Mr. Zhai. “The blend of G7 and E6 allows us to commit extra firmly in technology and to more produce price for our clients by way of details-pushed goods.”
“Prior to the merger, each companies considered in the significance of supporting prospects thrive and bringing improvements to the sector by virtue of IoT SaaS providers whilst publish-merger, the shared perception has grow to be our widespread ambition,” said the vice chairman, Mr. Zhang. “We plan to proceed supplying premium products and expert services with the intention of building an remarkable SaaS business with an ongoing dedication to generating price for consumers.”
G7, a leading company of IoT SaaS expert services for the street freight transport sector, served a large vary of small, medium and significant freight manager with IoT-centered program subscriptions and transaction providers. The firm, by continuing innovations in technological know-how and growing its portfolio, had been primary the sector in terms of software program subscriptions as effectively as transaction services for transportation capacity, energy, insurance coverage and machines. E6, a pioneer in IoT SaaS products and services for the sector, had been devoted to supplying clients with IoT-based software program membership companies with a concentrate on big cargo owners and logistics corporations. With a continued motivation to tightly-operate operations and remarkable companies, the company has attained a track record as the dim horse in the FMCG, retail, food and cold chain segments.
As two leaders in the IoT know-how and software products and services space, equally G7 and E6 had been concentrating on delivering IoT systems and software to big cargo homeowners and logistics providers as nicely as to tens of 1000’s of freight administrators. Prior to the merger, the two corporations with each other served about 80% of China’s big cargo owners and logistics providers in addition to assisting almost 30,000 modest and medium-sized freight managers in increasing efficiency and increasing profits.
The merger gained powerful guidance from both of those firms’ shareholders. AnJie Regulation Agency, Llinks Law Workplaces, Worldwide Regulation Business office, Simpson Thacher & Bartlett, Deloitte, KPMG and Boston Consulting Team presented qualified providers for both equally the transaction and integration initiatives. Following the completion of the merger, International Logistic Properties’ personal fairness arm Concealed Hill Funds, Tencent, Cainiao Clever Logistics Network and other investors have each and every appointed associates to the Group’s board of administrators in tandem with carrying out unique tasks with an eye to further more deepening their business collaboration.
¹ Freight manager refer to enterprises that handle the procedure and buying and selling routines of street freight, which include substantial, medium and modest cargo owners, logistics providers, self-owned fleets, outsourced fleets, commerce investing organizations , production enterprises, and so on. According to a BCG investigation report, about 700,000 freight managers have about 85% of China’s highway freight volume and are significant players in the road freight industry.
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