By integrating with over 3,000 global ERP and transportation management systems, Transporeon's open platform is said to create a dense network
Cloud-based transportation management software platform Transporeon to be acquired by Trimble. (Credit: aymane jdidi from Pixabay)
Trimble has agreed to acquire cloud-based transportation management software platform Transporeon in an all-cash deal worth €1.88bn.
The American industrial technology company will acquire Transporeon from its majority shareholder Hg, a software and services investor.
Based in Germany, the transportation management software platform offers an integrated suite of sourcing, planning, execution, monitoring, and settlement tools to shippers and load recipients.
Transporeon’s software platform also offers modular applications for powering a global network for 145,000 carriers.
By integrating with over 3,000 global enterprise resource planning (ERP) and transportation management systems, Transporeon’s open platform is said to create a dense network, enabling more than 25 million on-platform transports this year.
Through automation, real-time information, and network participation, Transporeon claims to assist customers in improving competitiveness, lowering costs, reducing waste, and solving complicated freight challenges.
Transporeon CEO Stephan Sieber said: “We have built a remarkable platform and sustained profitable growth to become a leader in this attractive market.
“This transaction will give us the runway to take what we have created to the next level by uniting our powerful European platform with Trimble’s North American carrier-focused platform. I’m excited to be part of the Trimble team for this next phase of growth.”
Transporeon primarily operates in Europe along with other developed markets in the Americas and Asia.
On a full-year basis, the transportation logistics software platform is expected to generate about €190m of revenue in 2023, which would represent nearly a 25% increase from the previous year.
Trimble CEO Rob Painter said: “Under the leadership of Stephan Sieber and the talented management team, Transporeon has exhibited rapidly increasing network density and an accelerating customer adoption curve.
“Its solutions are deeply integrated with carriers and shippers, and we are confident the platform will play an increasingly important role in the modernization of supply chains globally.
“We look forward to working together to enhance and expand on the company’s significant growth trajectory, and to offer enhanced TMS platform solutions to Transporeon customers in Europe and to Trimble customers in the North American market.”
The transaction, which is subject to customary conditions and regulatory approvals, is expected to close in the first half of 2023.