G7 Connect and E6 Technology Announce Completion of Merger

Maria J. Smith

The merger combines IoT engineering with computer software products and services to empower the street freight transportation sector

BEIJING, June 10, 2022 /PRNewswire/ — G7 Connect Inc. (“G7”), a fleet management enterprise backed by Tencent Holdings Ltd., and E6 Technological know-how (“E6”), announced the merger of the two firms. The merger took place in the to start with quarter of 2022, with the original phase of their business enterprise integration getting been accomplished. G7 co-founder and CEO Zhai Xuehun has been appointed as chairman and CEO of the merged group (hereafter referred to as the “Group”), while E6 chairman and CEO Zhang Jingtao will provide as vice chairman and G7 CFO Zhang Jielong as CFO.

G7 Connect and E6 Technology Announce Completion of Merger

The merger will build the greatest and most influential software service company in the business, with organizations spanning key vertical markets masking both equally generation and customer logistics. The Group’s clients incorporate important gamers in the trillion-yuan street freight transportation market place. With its solution portfolio serving as a a person-prevent digital company that integrates subscriptions and transactions, the merged entity consolidates the two prior firms’ rewards in technologies, building it the only technological innovation business in the sector to deliver a in depth variety of Internet of Factors (IoT) software as a assistance (SaaS) companies.

The Group is well positioned to give buyers with additional charge-aggressive, top quality solutions by optimizing its source chain and services networks and lessening procurement and functioning expenses. It also programs to carry on investing in technologies and R&D in a go to provide customers with worthwhile facts-pushed merchandise, with the purpose of facilitating an marketplace-wide up grade to a related provide chain supported by facts intelligence.

G7 and E6 have been between the couple of fleet administration corporations that were capable of offering IoT SaaS methods due to significant investments in IoT, knowledge, algorithms and computer software technologies along with continued strengthening of their respective positive aspects in technological know-how as a way to build limitations to competition. Both companies had also explored and implemented differentiated ways dependent on their respective main competencies. Notably, G7 had proven a leadership part in the region of IoT technologies empowered software program subscription, and total ability and transactions on transpiration, vitality, insurance coverage and equipment, even though E6 had been committed to providing software membership services to massive cargo homeowners and logistics providers, getting to be a chief inside of the domain of purchaser logistics, together with rapidly-shifting buyer goods (FMCG), retail, foodstuff, and chilly chain logistics.

“While the electronic transformation journey of the sector has just started, freight cooperators are on the lookout ahead to switching how they work and accomplishing business enterprise good results by means of the software of digital solutions,” reported the chairman and CEO, Mr. Zhai. “The combination of G7 and E6 enables us to make investments extra firmly in technology and to even more produce value for our buyers by way of facts-driven merchandise.”

“Prior to the merger, both equally firms thought in the importance of encouraging customers realize success and bringing improvements to the sector by virtue of IoT SaaS companies while submit-merger, the shared perception has develop into our typical ambition,” mentioned the vice chairman, Mr. Zhang. “We plan to proceed giving high quality merchandise and solutions with the purpose of creating an exceptional SaaS organization with an ongoing dedication to building value for prospects.”

G7, a major company of IoT SaaS services for the highway freight transport sector, served a broad range of small, medium and massive freight manager with IoT-based software program subscriptions and transaction expert services. The company, by continuing improvements in technological innovation and increasing its portfolio, had been major the sector in phrases of application subscriptions as nicely as transaction companies for transport capacity, vitality, insurance coverage and products. E6, a pioneer in IoT SaaS services for the sector, had been dedicated to offering customers with IoT-primarily based computer software subscription expert services with a concentration on substantial cargo entrepreneurs and logistics businesses. With a continued motivation to tightly-run operations and remarkable providers, the corporation has gained a popularity as the dark horse in the FMCG, retail, meals and chilly chain segments.

As two leaders in the IoT technology and software package companies space, the two G7 and E6 had been concentrating on supplying IoT systems and computer software to substantial cargo proprietors and logistics vendors as nicely as to tens of hundreds of freight administrators. Prior to the merger, the two firms collectively served about 80% of China’s massive cargo proprietors and logistics suppliers in addition to assisting virtually 30,000 smaller and medium-sized freight professionals in increasing efficiency and escalating revenue.

The merger been given potent assist from both equally firms’ shareholders. AnJie Regulation Firm, Llinks Regulation Workplaces, Worldwide Regulation Office, Simpson Thacher & Bartlett, Deloitte, KPMG and Boston Consulting Group delivered skilled services for the two the transaction and integration endeavours. Next the completion of the merger, Global Logistic Properties’ personal fairness arm Concealed Hill Money, Tencent, Cainiao Sensible Logistics Community and other traders have each appointed associates to the Group’s board of administrators in tandem with carrying out unique tasks with an eye to even further deepening their organization collaboration.

¹ Freight manager refer to enterprises that manage the operation and investing things to do of highway freight, such as massive, medium and little cargo house owners, logistics providers, self-owned fleets, outsourced fleets, commerce investing organizations , producing enterprises, and so on. According to a BCG exploration report, about 700,000 freight managers carry about 85% of China’s road freight quantity and are major gamers in the highway freight market place.

For extra info, make sure you stop by G7.

Media Get in touch with:
Peipei Lin, [email protected]
Shuai Zhang, [email protected]

Cision Check out primary content material to obtain multimedia:https://www.prnewswire.com/news-releases/g7-connect-and-e6-engineering-announce-completion-of-merger-301566129.html

Supply G7 Hook up Inc.

Next Post

Twitter is testing a new shopping feature 'Product Drops' which will be similar to Instagram Shopping- Technology News, Firstpost

Mehul DasJun 10, 2022 13:35:57 IST Regardless of remaining a person of the most popular social media platforms and microblogging website for above a ten years, Twitter has struggled to be worthwhile for a extensive time. Lately, with the ongoing fiasco above Elon Musk’s takeover bid, Twitter’s income appears to […]