11:28 AM EDT, 10/01/2024 (MT Newswires) -- KKR (KKR) and Korber's joint venture, Korber Supply Chain Software, said Tuesday it has completed the acquisition of MercuryGate International.

The transaction will increase Korber Supply Chain Software's annual net revenue by about 25% and boost its ability to offer comprehensive supply chain solutions in a single suite, improving efficiency and visibility from order management to warehouse and transportation, the company said.

It added that Tim Moylan was named chief commercial officer and Beth Hendriks chief technology officer.

The financial details of the deal were not given.

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