Samsung SDS Becomes the Largest Shareholder in emro, the Leading Procurement SCM Vendor in Korea
Summary
+ To participate in the board of directors as the largest shareholder with 33.4% stake + To equip with integrated supply chain platform capabilities with full range of planning, purchasing and execution solutions + To reinforce competitiveness in enterprise SaaS business in line with prospects for global business expansion On March 15, Samsung SDS announced that it has acquired 33.4% stake in emro, the leading procurement supply chain management (SCM) vendor in Korea, and will participate the board of directors as the largest shareholder. Through this strategic investment, Samsung SDS is equipped with global integrated SCM platform capabilities with full range of supply chain solutions including planning, purchasing and execution. Samsung SDSs SaaS business gained more competitive edge as it secured full range of integrated SCM solutions through this acquisition. Jay Song, CEO of emro, stated that We will create a new future together with Samsung SDS and I am confident that the two companies will grow together in the global market. *Supply Chain Management (SCM) Platform: A system that integrates and offers SCP, SRM, SCE services throughout the procurement cycle.