Samsung SDS acquires Korea’s No. 1 procurement SCM company

The company became the largest shareholder of Emro Inc. by acquiring a 33.4% stake

 Samsung SDS headquarters in Seoul
 Samsung SDS headquarters in Seoul
Jeong-Soo Hwang 1
2023-03-15 14:55:09 hjs@hankyung.com
Supply chain

Samsung SDS Co., the information technology service unit of South Korea's Samsung Group, has acquired a 33.39% stake in Emro Inc., Korea's top supplier relationship management (SRM) company, making it the largest shareholder.

This move is expected to help Samsung SDS expand its global business by securing all integrated supply chain management (SCM) solutions through Emro's acquisition.

Samsung SDS has stated that Emro will be an important partner for its global business in the future. As per Emro's regulatory filing, Samsung SDS invested 111.8 billion won ($86 million) to acquire a 33.39% stake in 3.74 million shares of Emro.

This includes a 28.02% stake held by Emro's CEO Song Jae-min, who was the largest shareholder, a 3.03% stake in Vice President Kim Jae-yeop, and a 2.34% stake in Shin Sung-woo, CEO of Raycom, an Emro affiliate.

"We will join forces with Emro to expand our integrated supply chain platform business for global customers and solidify our position as a SaaS solution provider, one of the pillars of our cloud business portfolio," said Hwang SungWoo, CEO of Samsung SDS.

Emro's CEO, Song Jae-min, expressed confidence that the two companies would grow together in the global market and create a new future together.

Emro's share price rose to the limit and closed at 30,200 won ($23.1) on Kospi on March 15.

Write to Jeong-Soo Hwang at hjs@hankyung.com
#Samsung SDS #Emro #supplier relationship management #supply chain management #samsung sds emro #samsung scm emro

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