Metropolis investor Hg confirmed to Metropolis A.M. this morning the sale of Transporeon, a cloud-based transportation administration software program platform, to rival Trimble in a transaction valuing the enterprise at round €1.88bn, or £1.62bn.
Transporeon offers cloud-based logistics and transport administration platform, enabling automation, real-time insights and collaboration on €48bn of annual freight.
The sale marks the fourth full Hg realisation to a strategic purchaser within the final 12 months, having beforehand offered Medifox to ResMed, Allocate Software program to RL Datix and itm8 which merged with AddPro, all contributing to over $7bn collectively returned to shoppers within the final 12 months.
The transaction is predicted to shut within the first half of 2023, topic to customary closing situations together with regulatory approvals.
Europe and US markets
A 20+ 12 months deal with software program companies throughout Europe and North America led to Hg following the enterprise and fascinating with the crew for nearly a decade previous to investing in 2019.
Since then, the enterprise has seen sturdy development and continued margin growth throughout numerous cycles, each corporations mentioned this morning.
Stephan Sieber, Chief Govt Officer at Transporeon, mentioned: “The previous three years has considerably accelerated Transporeon ahead in our mission to carry transportation in sync with the world. Innovation in our merchandise and an growth of the enterprise has meant now we have constructed a outstanding platform in a quickly rising sector, with options which might be in excessive demand globally.”
As well as, Stefan Margolis, Associate at Hg, defined that “we tracked Transporeon for a few years, impressed with its globally distinctive logistics community, fixing actual provide chain points in a closely under-digitized sector.”
