On February 07, 2023, a software-based supply chain visibility, compliance and risk and insurance solutions provider, Overhaul, completed its acquisition of SesiGaurd®, Sensitech®'s security service provider. Overhaul's acquisition solidifies its position as the industry standard for securing and optimizing global supply chains.
Further, this acquisition expands the global footprint for Overhaul by adding established offices in Mexico, Brazil, and the Czech Republic. As a result, the company now has the same infrastructure across Latin America, North America, and Europe, improving its ability to operate global supply chains. In addition, the deal extends Overhaul's business book, including well-known tech, pharma, and other logistics service providers.
Theft of cargo remains a persistent problem for global shippers; as thieves adjust their strategies and target high-value goods, the need for additional security to protect in-transit cargo is crucial. Along with SensiGuard®, Overhaul will provide a powerful visibility engine round the clock, which helps monitor capabilities and offers comprehensive and real-time solutions to shippers to mitigate risks like theft, damage, and chain of custody security threats worldwide.
The acquisition significantly increases Overhaul's headcount, adding over 350 employees who support SensiGuard® services and getting an extraordinary depth of experience and talent in assisting businesses in taking control of their supply chain risk management. The success of SensiGuard® is built on a foundation established by the same leadership that will join Overhaul and continues improving the company's technology and customer service.
About Overhaul
Overhaul is the industry's first end-to-end solution provider of supply-chain visibility, integrity, and security for global enterprises. The company was established in 2016 and headquartered in Austin (Texas). Its approach is software-based and provides high configurability and efficient value time to the supply chain companies avoiding the heavy tech debts found with the providers of hardware base. In addition, the company's team of experts in logistics partners with clients to provide fully customized and comprehensive solutions. It has rapidly become a trusted provider for Fortune 100 companies moving freight around the world in industries like pharmaceuticals and healthcare, technology, logistics, and food and beverages. Microsoft, Bristol-Myers Squibb, CEVA, and many others are customers.