Building Bridges: Anchor successfully orchestrates Roambee’s acquisition of Modum
Shortly after the announcement of its first acquisition, the real-time supply chain visibility provider Roambee onboards Swiss-based Modum, a provider of proven pharma-grade monitoring solutions, to consolidate its leadership position in the cold chain logistics monitoring.
By means of this acquisition, Roambee’s end-to-end cold chain visibility offering will scale up on the last mile delivery transactions thanks to Modum’s fully pharma compliant ‘plug & play’ solutions that work even in the most difficult logistics scenarios.
This acquisition also reflects Anchor’s unique approach to investing and growing businesses together with driven entrepreneurs and value-adding investors. Anchor identified the opportunity through its network and extensive deal pipeline, and over a year, helped facilitate a better understanding of mutual benefit, as well as advising Roambee management on structuring and executing the transaction.
Click here to read the official media release.
About Roambee
Roambee’s global supply chain visibility puts you in control of shipments and assets - indoors, outdoors, and in-transit - with sensor-driven signals, analytics, alerts, and automated response.
Roambee is identified as one of the 9 global supply chain technology companies in '2021 Gartner Tracking and Monitoring Business Process Context: Magic Quadrant for Real-Time Transportation Visibility Platforms.'
Headquartered in the Silicon Valley, USA, it has offices in Mexico, Brazil, UK, Germany, UAE, India, Singapore, Malaysia and Indonesia to service 300+ global enterprise customers worldwide.
About Modum
Founded in 2016, Modum has developed innovative solutions to bring transparency and unmatched integrity of location and condition data by using methods such as two-factor authentication to associate wireless loggers with shipments and feed data into blockchain networks for authenticity. It’s low unit cost of monitoring and adherence to all pharma quality compliance requirements, enables companies like Swiss Post with last-mile delivery visibility.
About Anchor Group
Through its principal investment platform, Industrial Innovation Partners, Anchor Group is committed to invest into and accelerate the growth of new digital industry leaders. A partnership with a select group of corporates and entrepreneurs, it has been a part of our thesis that these industries in transition offer consolidation opportunities and that we can directly add value to our portfolio companies and to our investors, through direct, hands on involvement.