The merger brings together IoT engineering with software products and services to empower the highway freight transport sector
BEIJING, June 11, 2022 /PRNewswire/ — G7 Link Inc. (“G7”), a fleet administration corporation backed by Tencent Holdings Ltd., and E6 Technological innovation (“E6”), declared the merger of the two firms. The merger took location in the initial quarter of 2022, with the first stage of their enterprise integration acquiring been completed. G7 co-founder and CEO Zhai Xuehun has been appointed as chairman and CEO of the merged group (hereafter referred to as the “Group”), when E6 chairman and CEO Zhang Jingtao will provide as vice chairman and G7 CFO Zhang Jielong as CFO.
The merger will produce the premier and most influential software program service service provider in the market, with companies spanning key vertical markets covering equally production and shopper logistics. The Group’s consumers involve significant players in the trillion-yuan street freight transport market. With its item portfolio serving as a 1-end electronic assistance that integrates subscriptions and transactions, the merged entity consolidates the two prior firms’ benefits in technological innovation, generating it the only engineering business in the sector to supply a complete range of Web of Things (IoT) software program as a services (SaaS) services.
The Group is properly positioned to present clients with far more expense-aggressive, high quality providers by optimizing its source chain and support networks and cutting down procurement and operating fees. It also options to carry on investing in technology and R&D in a shift to give shoppers with worthwhile knowledge-driven solutions, with the aim of facilitating an marketplace-large improve to a connected offer chain supported by information intelligence.
G7 and E6 had been among the couple fleet management companies that have been capable of supplying IoT SaaS remedies due to substantial investments in IoT, facts, algorithms and software systems together with continued strengthening of their respective positive aspects in technological know-how as a way to develop obstacles to opponents. Each companies experienced also explored and executed differentiated approaches centered on their respective main competencies. Notably, G7 experienced established a management purpose in the place of IoT technological know-how empowered software package subscription, and general capacity and transactions on transpiration, electrical power, insurance plan and equipment, though E6 had been focused to supplying software membership companies to substantial cargo proprietors and logistics vendors, getting a leader in the domain of consumer logistics, including quick-relocating buyer items (FMCG), retail, meals, and cold chain logistics.
“Despite the fact that the digital transformation journey of the sector has just begun, freight cooperators are searching forward to modifying how they operate and accomplishing enterprise good results by way of the software of electronic methods,” explained the chairman and CEO, Mr. Zhai. “The combination of G7 and E6 permits us to spend a lot more firmly in technology and to further more develop benefit for our clients by way of knowledge-driven solutions.”
“Prior to the merger, equally organizations thought in the value of supporting clients triumph and bringing modifications to the sector by virtue of IoT SaaS expert services while write-up-merger, the shared perception has come to be our common ambition,” mentioned the vice chairman, Mr. Zhang. “We strategy to continue supplying quality solutions and solutions with the target of setting up an superb SaaS organization with an ongoing dedication to making benefit for clients.”
G7, a leading company of IoT SaaS solutions for the highway freight transportation sector, served a broad selection of tiny, medium and large freight manager with IoT-dependent software package subscriptions and transaction expert services. The firm, by continuing improvements in engineering and growing its portfolio, experienced been main the sector in phrases of software subscriptions as nicely as transaction companies for transportation potential, electricity, coverage and machines. E6, a pioneer in IoT SaaS services for the sector, experienced been dedicated to providing shoppers with IoT-centered computer software subscription companies with a concentrate on significant cargo proprietors and logistics providers. With a ongoing dedication to tightly-run functions and top-quality providers, the firm has attained a reputation as the dim horse in the FMCG, retail, food and chilly chain segments.
As two leaders in the IoT technological know-how and program companies room, each G7 and E6 experienced been concentrating on providing IoT systems and software package to large cargo homeowners and logistics vendors as well as to tens of hundreds of freight managers. Prior to the merger, the two companies collectively served above 80% of China’s big cargo homeowners and logistics companies in addition to helping almost 30,000 tiny and medium-sized freight administrators in enhancing effectiveness and escalating income.
The merger obtained powerful assistance from the two firms’ shareholders. AnJie Law Company, Llinks Legislation Workplaces, Global Law Office environment, Simpson Thacher & Bartlett, Deloitte, KPMG and Boston Consulting Group furnished expert expert services for each the transaction and integration attempts. Following the completion of the merger, World wide Logistic Properties’ private fairness arm Hidden Hill Funds, Tencent, Cainiao Intelligent Logistics Community and other buyers have every appointed associates to the Group’s board of administrators in tandem with carrying out precise tasks with an eye to further deepening their company collaboration.
¹ Freight supervisor refer to enterprises that control the operation and investing functions of road freight, which include large, medium and compact cargo homeowners, logistics companies, self-owned fleets, outsourced fleets, commerce buying and selling corporations , producing enterprises, etc. In accordance to a BCG research report, about 700,000 freight supervisors carry about 85% of China’s highway freight quantity and are major gamers in the road freight current market.
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