Körber acquires majority stake in Cohesio Group

Körber acquires majority stake in Cohesio Group and expands business with voice and robotics supply chain solutions

Hamburg/Melbourne, September 24, 2019. The international technology group Körber strengthens its Business Area Logistics Systems by acquiring a majority stake in Cohesio Group Ltd. The Australian-based company is a leading integrator of voice-directed and autonomous mobile robotics (AMR) solutions for logistics. The acquisition was completed effective September 20, 2019.

The Cohesio Group, headquartered in Melbourne, within just a few years established itself as one of the leading providers of voice-controlled and robotics software solutions for the logistics industry, particularly in the Asia Pacific region (APAC). Cohesio will complement the Business Area's existing voice solutions business with its market-leading brand Voiteq. This strengthens one of the world's largest and most experienced Honeywell Vocollect voice integration teams. Cohesio has also pioneered the deployment of autonomous mobile robotics solutions in the region.

"With Cohesio, we are underpinning our claim to 'market leadership through technology leadership' in the future-oriented fields of voice and robot technology," says Stephan Seifert, Chairman of the Group Executive Board at Körber AG. "We are also expanding our presence in the particularly fast-growing markets of the APAC region, where we are able to inspire and support our customers with the best products and solutions for the supply chain".

Dirk Hejnal, CEO of the Körber Business Area Logistics Systems, adds: "With its broad, technology-oriented product and service portfolio, Cohesio is an ideal fit for us and our growth ambitions. By adding Cohesio, we are in an even stronger position to offer customers the right supply chain technologies and service them on a global level. The Cohesio team is characterized by entrepreneurship, years of experience with logistics technologies, and a history of good partnership with its customers".

Nishan Wijemanne, CEO of Cohesio Group Ltd. says: "We feel fortunate to have found a partner in Körber that can help accelerate the next stage of growth for Cohesio. Körber offers us an innovative culture, a broader portfolio of complementary supply chain technologies and access to customer relationships on a global scale. The Cohesio founders and the entire Cohesio team are very excited to be part of this international technology group".

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About Körber
Körber AG is the holding company of an international technology group with around 10,000 employees worldwide. The Group unites technologically leading companies with more than 100 production, service and sales locations. Körber combines the advantages of a globally represented organization with the strengths of highly specialized and flexible medium-sized companies that offer their customers solutions, products and services in the Business Areas Körber Digital, Logistics Systems, Pharma Systems, Tissue and Tobacco.

About Körber Logistics Systems
The Business Area Logistics Systems is a leading provider of fully integrated applications for optimizing complex internal and external logistics processes. Under the Körber Logistics

umbrella brand, this Business Area supplies digitized solutions for smart factories (production
logistics), warehouses, distribution centers, e-commerce, and the controlling of entire supply chains. The umbrella brand unites the companies Aberle and Consoveyo (systems integration), Langhammer and Riantics (product solutions), as well as Aberle Software, Cirrus Logistics, DMLogic, HighJump, Inconso and Voiteq (software) in three Business Units. These offer a comprehensive range of products and services encompassing everything from systems integration to warehousing, palletizing, depalletizing, materials handling technology, and software.

About Cohesio Group
Cohesio Group is a leading integrator and developer of tech solutions that enable rapid optimisation of workflows and processes and is also an idea generating partner for strategic concepts. With offices across the Asia Pacific, Cohesio Group creates innovative technology transformations that span across supply chain and logistics. Cohesio Group's enterprise-grade solutions range from voice-powered technology through to new-generation mobility solutions such as autonomous mobile robotics.

Further information is available at www.koerber.com/en, www.koerber-logistics.com and www.cohesiogroup.com