G7 Connect and E6 Technology Announce Completion of Merger

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The merger combines IoT technological innovation with program providers to empower the highway freight transportation sector

BEIJING, June 10, 2022 /PRNewswire/ — G7 Join Inc. (“G7”), a fleet management company backed by Tencent Holdings Ltd., and E6 Technological know-how (“E6”), announced the merger of the two companies. The merger took place in the to start with quarter of 2022, with the initial phase of their enterprise integration obtaining been finished. G7 co-founder and CEO Zhai Xuehun has been appointed as chairman and CEO of the merged team (hereafter referred to as the “Group”), even though 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 — G7 Hook up and E6 Technological know-how Announce Completion of Merger

The merger will generate the greatest and most influential software program support supplier in the market, with organizations spanning key vertical marketplaces masking the two production and purchaser logistics. The Group’s clients incorporate major gamers in the trillion-yuan road freight transport market place. With its products portfolio serving as a 1-prevent electronic service that integrates subscriptions and transactions, the merged entity consolidates the two prior firms’ rewards in engineering, earning it the only technological know-how enterprise in the sector to give a comprehensive range of Internet of Things (IoT) application as a company (SaaS) products and services.

The Group is nicely positioned to offer buyers with much more charge-competitive, top quality expert services by optimizing its offer chain and service networks and lowering procurement and running expenses. It also ideas to go on investing in technologies and R&D in a transfer to give clients with beneficial info-driven items, with the intention of facilitating an sector-vast up grade to a linked offer chain supported by knowledge intelligence.

G7 and E6 had been between the several fleet administration companies that have been capable of delivering IoT SaaS alternatives owing to sizeable investments in IoT, knowledge, algorithms and software technologies along with ongoing strengthening of their respective advantages in engineering as a way to make obstacles to competitors. Each companies experienced also explored and implemented differentiated approaches based on their respective main competencies. Notably, G7 had established a leadership purpose in the place of IoT technology empowered software program subscription, and general capacity and transactions on transpiration, power, insurance policies and gear, even though E6 had been focused to furnishing software program membership providers to huge cargo homeowners and logistics suppliers, getting to be a leader in just the area of buyer logistics, together with quickly-going purchaser products (FMCG), retail, foods, and chilly chain logistics.

“While the digital transformation journey of the sector has just begun, freight cooperators are looking ahead to switching how they work and accomplishing company achievement by way of the application of electronic methods,” said the chairman and CEO, Mr. Zhai. “The combination of G7 and E6 allows us to make investments additional firmly in engineering and to more generate price for our buyers by way of info-driven products and solutions.”

“Prior to the merger, both equally providers considered in the relevance of assisting clients be successful and bringing improvements to the sector by virtue of IoT SaaS expert services although write-up-merger, the shared perception has turn into our typical ambition,” said the vice chairman, Mr. Zhang. “We strategy to continue furnishing high quality products and solutions and solutions with the target of setting up an exceptional SaaS business with an ongoing motivation to generating worth for customers.”

G7, a foremost provider of IoT SaaS products and services for the highway freight transportation sector, served a wide selection of small, medium and huge freight manager with IoT-primarily based software subscriptions and transaction expert services. The company, by continuing innovations in technological know-how and expanding its portfolio, experienced been leading the sector in terms of software subscriptions as perfectly as transaction expert services for transportation capability, power, insurance policies and machines. E6, a pioneer in IoT SaaS services for the sector, had been committed to giving prospects with IoT-dependent software program membership products and services with a concentrate on big cargo proprietors and logistics companies. With a ongoing dedication to tightly-operate operations and superior services, the corporation has earned a track record as the darkish horse in the FMCG, retail, meals and chilly chain segments.

As two leaders in the IoT technological innovation and application products and services house, equally G7 and E6 experienced been concentrating on furnishing IoT technologies and application to large cargo entrepreneurs and logistics providers as effectively as to tens of 1000’s of freight administrators. Prior to the merger, the two firms jointly served above 80% of China’s significant cargo owners and logistics providers in addition to helping just about 30,000 modest and medium-sized freight professionals in enhancing performance and rising profits.

The merger acquired robust guidance from both firms’ shareholders. AnJie Legislation Firm, Llinks Law Workplaces, International Legislation Workplace, Simpson Thacher & Bartlett, Deloitte, KPMG and Boston Consulting Team provided expert solutions for both the transaction and integration endeavours. Subsequent the completion of the merger, International Logistic Properties’ non-public equity arm Hidden Hill Money, Tencent, Cainiao Intelligent Logistics Community and other traders have each and every appointed representatives to the Group’s board of directors in tandem with carrying out specific tasks with an eye to more deepening their small business collaboration.

^{¹ Freight manager refer to enterprises that manage the procedure and buying and selling routines of road freight, including big, medium and little cargo proprietors, logistics companies, self-owned fleets, outsourced fleets, commerce buying and selling companies , manufacturing enterprises, and so on. In accordance to a BCG investigation report, about 700,000 freight supervisors have about 85% of China’s highway freight quantity and are important gamers in the highway freight sector.}

For additional information and facts, remember to go to G7.

Media Call:
Peipei Lin, [email protected]
Shuai Zhang, [email protected]