BEUMER Group further invests in the start-up company Codept
Strategic partnership strengthened
Tuesday, April 13, 2021
The logistic platform of the start-up company Codept simplifies the data interchange between e-commerce and fulfillment service providers. Right from the beginning, the young company was supported by the Berlin-based company builder Beam, a spin-off of BEUMER Group. Now, the system provider has further invested in Codept, acquiring the majority of shares.
Codept is a cloud-based logistic platform for e-commerce, which offers flexible warehouse management and fulfillment throughout Europe. Suppliers gain easy access to a wide range of different logistics service providers with just one IT interface. The start-up company was founded with the support from the Berlin-based, autonomous company builder Beam, a spin-off of BEUMER Group. The system provider has now again invested in the start-up company via the Company Builder and has acquired the majority of shares. "Thus, we strengthen our strategic partnership," reports Beam Managing Director Robert Bach. "We support Codept even more intensively in establishing the logistics platform powerfully and sustainably on the market, scaling it faster and expanding it with additional features".
Today, companies from a wide range of industries across Europe already rely on Codept's expertise. This particularly applies in case of high volumes and demanding goods such as bulky, hazardous goods or organic food. The integrative platform immediately makes a decisive contribution enabling users in logistics to reduce costs. In the future, data and sequences will be optimised by artificial intelligence. "We are happy to seal a long-term partnership with BEUMER Group," says Codept Managing Director Felix Ostwald. "During the past two years we have cooperated successfully and are therefore glad to intensify this cooperation". He and his partner Jonas Grunwald will continue to pursue together their vision of a technology-driven, scalable logistics platform, using the new capital to enhance the team and thus, advance their technology and accelerate their Europe-wide expansion.
The BEUMER Group is an international leader in the manufacture of intralogistics systems for conveying, loading, palletising, packaging, sortation, and distribution. With 4,500 employees worldwide, the BEUMER Group has annual sales of about EUR 950 million. BEUMER Group and its subsidiaries and sales agencies provide their customers with high-quality system solutions and an extensive customer support network around the globe and across a wide range of industries, including bulk materials and piece goods, food/non-food, construction, mail order, mail and airport baggage handling. For further information visit www.beumer.com