Supply chain risk specialist, Overhaul, has acquired SensiGuard security services from Sensitech.
Cargo theft is an evolving threat as criminals adjust their tactics and focus on high value goods. Overhaul says this acquisition will offer round-the-clock risk monitoring for the US$1 trillion worth of cargo it has on its platform.
Barry Conlon, founder and chief executive of Overhaul called the acquisition ‘transformative’. “It expands our global footprint, adds hundreds of years of combined supply chain experience to our team, and brings an impressive roster of international clients under our umbrella,” he said.
“With this acquisition, we’re not only the largest supply chain security provider, but the most comprehensive providing needed resilience with immediate corrective action.
The takeover will also extend Overhaul’s reach, adding offices in Brazil, Mexico, and Czech Republic. The company says it now has the same level of infrastructure across North America, Latin America, and Europe, increasing its ability to manage global supply chains.
The deal also more than doubles Overhaul’s headcount, adding an additional 350 employees.
“This acquisition is a win for our customers and our employees,” said Mark Serafine, managing director, SensiGuard. “We’re seeing increased demand amidst serious integrity concerns, and we now have the largest team of world-class supply chain security experts addressing these challenges.”
