The acquisition of Encode Networks makes PipeChain Group a stronger player within digitalization of supply chains with focus on the Automotive Tier 1 segment as well as end-to-end supply chains including OEM’s and Tier 2.
There is a huge potential in this market space, which the two combined companies will be able to explore faster, for the benefit of their customers. Encode adds approximately SEK 15 million in turnover, resulting in PipeChain Group revenues of more than SEK 70 million in 2018.
The cooperation between Encode and Cedex will continuously followed by PipeChain and Cedex. Cooperation between PipeChain will creates a stronger position for both parties in Chinese and Sweden automotive supply chain market as well as many other industries.