8-Digit Investment: Codept's Logistics Platform Inspires BEUMER Group

Codept and the BEUMER Group strengthen their strategic partnership. Via their company builder Beam, the BEUMER Group is acquiring a majority shareholding in Codept. With the 8-digit investment, Codept will establish its logistics platform powerfully and sustainably, scale faster and develop outstanding new features.

Codept is a cloud-based ecommerce logistics platform that offers flexible warehousing and fulfillment across Europe. E-tailers have instant access to a large network of logistics and fulfillment partners with one single IT interface (API). For logistics service providers, Codept standardizes and simplifies the otherwise expensive and time-consuming integration of new e-tailers.

The acquisition is a strategic decision by the BEUMER Group. For Codept, this means pole position in the race to harmonize IT systems of e-tailers and logistics providers. Dr Christoph Beumer, CEO and owner of the BEUMER Group: "Codept is a prime example of successful digitalization in the logistics industry. We are enthusiastic about both the team and the sales performance. Hence, we are very pleased that Codept is also growing independently through the setup with our company builder Beam in Berlin while expanding our software portfolio."

Companies from all industries across Europe are already relying on Codept's expertise. Especially with high volumes and demanding goods (such as bulky goods, dangerous goods, organic food), the Codept solution immediately makes a decisive contribution to reducing costs in logistics. It will be even more beneficial when artificial intelligence helps to optimize data and processes in the future.

Felix Ostwald (Managing Director Codept): "We are excited to seal a long-term partnership with the BEUMER Group. We have already worked together very successfully over the past two years, so we are happy to intensify this cooperation even further. We will promote our vision of a technology-driven, scalable logistics platform faster and expand the team with the fresh capital, thereby advancing our technology and boosting our Europe-wide expansion even further."

About Codept

Codept was founded by Jonas Grunwald and Felix Ostwald at the beginning of 2019. With its new approach to data standardization, Codept securely and efficiently connects even complex IT systems from the worlds of ecommerce and logistics. In this way, retailers can find the best logistics service provider. Logistics service providers find their new customers - without having to fundamentally redesign their IT infrastructure.

About the BEUMER Group

BEUMER Group is a leading international manufacturer of intralogistics systems in the areas of conveying, loading, palletizing, packaging, sorting and distribution. With 4,500 employees, the BEUMER Group generates annual sales of approximately 950 million euros. The BEUMER Group and its group companies and agents offer their customers worldwide high-quality system solutions as well as an extensive customer support network in numerous industries, such as bulk and general cargo, food/non-food, construction, shipping, postal services and baggage handling at airports. More information at: www.beumer.com