Is Körber Supply Chain Software (now Infios) profitable?

No audited financials are public. Third-party estimates conflict sharply (aggregator figures excluded), but the parent Körber AG group reported €3.1 billion in sales for FY2025, while Infios itself discloses no standalone profit figures as of mid-2026.

Who owns Infios, formerly Körber Supply Chain Software?

Infios is a joint venture between Körber AG and private equity firm KKR, formed in 2022 when KKR acquired a significant minority stake in Körber's supply chain software business. As of June 2026 no IPO or ownership change has occurred.

Could AI replace Infios's warehouse management software?

Infios is building AI into its own product rather than being replaced: it launched Intelligent Error Resolution and a natural-language chat interface on June 9, 2026, after partnering with AWS's Generative AI Innovation Center announced November 4, 2025.

Who is Infios's biggest competitor?

Manhattan Associates and Blue Yonder are the closest pure-play WMS rivals, while Microsoft Dynamics 365 Supply Chain Management entered the Gartner Magic Quadrant as a Challenger in 2024-2025, marking a new hyperscaler-backed threat to Infios's enterprise base.

Did Körber Supply Chain Software change its name?

Yes, Körber Supply Chain Software fully rebranded as Infios on March 4, 2025, retiring the Körber name for this software division while Körber AG's parent conglomerate continues under its own name.

Is Infios losing enterprise customers to Microsoft?

No confirmed customer losses have been reported as of mid-2026, but Microsoft Dynamics 365 Supply Chain Management entered as a Gartner Challenger in 2024-2025, positioning it as a credible ERP-native threat to Infios's installed base.

Logistics and supply chain companies · subsidiary of Körber AG (50%+ ownership) / KKR (minority stake held in joint venture; exact split undisclosed) · Germany

Körber Supply Chain Software

korber-supplychain.com ↗

Infios (formerly Körber Supply Chain Software) sells warehouse and supply chain execution software, backed by KKR.

Protection under test

Assessed 23 July 2026 · Evidence as of 23 July 2026

Something worth protecting exists and is being tested right now.

On the recordSince 23 July 2026 · Checkable from Q2 2027 · Every call on the record Checkpoint: Next Gartner Magic Quadrant for Warehouse Management Systems cycle

The call

Infios holds a real, hardware-integrated position in warehouse software while Microsoft, SAP, and Oracle push AI-bundled ERP alternatives and KKR's exit clock keeps ticking.

Infios (formerly Körber Supply Chain Software) helps companies manage their warehouses and supply chains through software. The company has built a strong position over 8 years by connecting its software deeply with warehouse equipment and automation, which makes it costly and time consuming for customers to switch to competitors. However, Microsoft just entered this market in 2024-2025 with warehouse software built into its existing business tools, and the company's recent growth numbers are unclear (some data shows job cuts and traffic drops, while other sources show 19% growth in 2025), plus the private equity owner KKR will likely want to sell the company within the next few years, which could create uncertainty about its direction and investment.

Why

AI pressure: Microsoft Dynamics 365 Supply Chain Management. Microsoft bundles AI-forward SCM directly into D365 ERP, letting buyers skip standalone WMS tools like Infios entirely. Could AI do the core job? Only partly.

Bigger players: SAP Extended Warehouse Management and Oracle Fusion WMS. SAP and Oracle sell WMS bundled inside ERP suites they already control, squeezing standalone vendors on price and reach. Could a giant copy it? Probably.

What protects it. 8 straight years as Gartner WMS Leader plus deep hardware and automation integrations create real multi-year switching costs.

What would change this call

Next Gartner WMS Magic Quadrant (~2027) shows Infios demoted or Microsoft advancing to Leader. Would confirm Microsoft or others are displacing Infios among top enterprise vendors.
Infios headcount and web traffic figures across Crustdata, Revelio, and similar trackers converge downward over next 2-3 quarters. Would indicate real contraction rather than conflicting data noise.
KKR sells, writes down, or takes Infios public within the next 1-2 years. Would signal how the private equity owner is resolving its stake and at what valuation.

Key numbers

Named Gartner WMS Leader 8th year straight (2026-05-04)
5,000+ customers across 70 countries (2026-06-09)
Headcount: -2.4% YoY (Crustdata) vs +19% (Revelio) (2026-07-02)

Named risks

KKR's 2022 minority stake creates an unresolved private equity exit timeline within a typical 5-7 year hold. Severity: high
Microsoft Dynamics 365 SCM entering as a Gartner Challenger in 2024-2025 threatens enterprise share via ERP bundling. Severity: medium
No audited standalone financials are public, leaving revenue and headcount trends unverifiable from independent sources. Severity: medium
Newly launched AI features (June 2026) are unproven at scale and built on AWS infrastructure rather than proprietary models. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
Microsoft Dynamics 365 Supply Chain Management	gaining on	Entered Gartner Magic Quadrant as a Challenger in 2024-2025 with ERP-native, AI-forward positioning
Manhattan Associates	contesting	Widely regarded as the leading pure-play WMS vendor, competing directly for enterprise logos
Blue Yonder	contesting	Named alongside Infios and Manhattan as a leading global WMS player by market reports, 2025-2030 outlook
SAP Extended Warehouse Management	contesting	Embedded ERP WMS module competing for the same buyers as Infios's standalone platform
Oracle Fusion Cloud Warehouse Management	contesting	ERP giant offering native WMS as alternative to Infios's best-of-breed approach

Questions people ask

Is Körber Supply Chain Software (now Infios) profitable?: No audited financials are public. Third-party estimates conflict sharply (aggregator figures excluded), but the parent Körber AG group reported €3.1 billion in sales for FY2025, while Infios itself discloses no standalone profit figures as of mid-2026.
Who owns Infios, formerly Körber Supply Chain Software?: Infios is a joint venture between Körber AG and private equity firm KKR, formed in 2022 when KKR acquired a significant minority stake in Körber's supply chain software business. As of June 2026 no IPO or ownership change has occurred.
Could AI replace Infios's warehouse management software?: Infios is building AI into its own product rather than being replaced: it launched Intelligent Error Resolution and a natural-language chat interface on June 9, 2026, after partnering with AWS's Generative AI Innovation Center announced November 4, 2025.
Who is Infios's biggest competitor?: Manhattan Associates and Blue Yonder are the closest pure-play WMS rivals, while Microsoft Dynamics 365 Supply Chain Management entered the Gartner Magic Quadrant as a Challenger in 2024-2025, marking a new hyperscaler-backed threat to Infios's enterprise base.
Did Körber Supply Chain Software change its name?: Yes, Körber Supply Chain Software fully rebranded as Infios on March 4, 2025, retiring the Körber name for this software division while Körber AG's parent conglomerate continues under its own name.
Is Infios losing enterprise customers to Microsoft?: No confirmed customer losses have been reported as of mid-2026, but Microsoft Dynamics 365 Supply Chain Management entered as a Gartner Challenger in 2024-2025, positioning it as a credible ERP-native threat to Infios's installed base.

Timeline

2026-06-09Infios launches Infios AI with Intelligent Error Resolution and chat interface
2026-05-04Infios named Gartner Magic Quadrant WMS Leader for 8th consecutive year
2026-03-03Körber completes majority stake acquisition of SAP consultancy Stellium
2026-01-29Körber increases stake in Godrej Körber India JV to 100%
2025-11-04Infios partners with AWS Generative AI Innovation Center for agentic AI
2025-03-04Körber Supply Chain Software rebrands as Infios
2024-09-30Infios (then Körber Supply Chain Software) closes acquisition of MercuryGate
2022Körber AG and KKR form strategic partnership, KKR takes minority stake

Revision history

23 July 2026

First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.

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