TRANSPOREON is the global cloud platform for intelligent transport logistics. It creates a digital connection between shippers and carriers, achieving smarter, transparent and more cost-effective. Transporeon serves a global blue-chip and European enterprise customer base and Europe’s leading carrier network with more than 100,000 users across 100 countries, who use the Group’s software-as-a-service solutions and platform, which is available in 24 languages, for freight sourcing, carrier assignment, time slot management, visibility and market intelligence.
FORT WORTH, Texas & SAN FRANCISCO & ULM, Germany--(BUSINESS WIRE)--Transporeon, a leading European cloud-based business network for industrial logistics, today announced that TPG Capital, the North-American- and European-focused private equity platform of leading global alternative asset firm TPG, has entered into a definitive agreement to acquire a majority interest in Transporeon from The Riverside Company and other shareholders. The transaction is expected to close in the third quarter and is subject to customary closing conditions, including regulatory approval.
Transporeon offers various connectivity-focused applications for the different stages of freight execution, providing shippers and carriers with meaningful cost savings, productivity gains, and service-level improvements by enabling them to communicate, collaborate, and transact efficiently. Transporeon is the leading cloud-based logistics platform with the largest network of its kind, connecting more than 1,000 shippers with more than 57,000 carriers across the world.
“Since inception, our goal as a company has been to enable seamless transactions for our customers through a highly-quality, connected, and innovative network,” said Peter Förster, co-founder of Transporeon. “We’re very proud of the scale that we’ve achieved to-date.”
“Riverside has been essential to our growth throughout the last five years while we have expanded into new geographies and enhanced our product offerings,” said Marc Simon, co-founder of Transporeon. “We thank them for their partnership and look forward to building on this momentum with TPG.”
“TPG is widely recognized as a leading investor in software, technology, and transportation management,” said Martin Mack, co-founder of Transporeon. “We are very excited to work with TPG, tapping into their deep experience developing networks and transportation businesses.”
Do casinos report blackjack winnings to the irs returns. Yes, they are taxable. You are on the honor system to report the income. The casinos will not report any winnings to the IRS. It isn’t just on-line casinos, ANY net gambling winnings are taxable, regardless of where or how they were won.
Transporeon Log In
“The supply chain space, a market that has traditionally suffered from major inefficiencies, is starting to embrace digitization as companies move away from manual processes to automated solutions,” said Malte Janzarik of TPG Capital. “Transporeon is at the heart of this trend, positioned to tackle these inefficiencies by connecting tens of thousands participants in the supply chain. We look forward to working with Marc, Peter, Martin, and the team to further scale both the platform and the richness of its applications.”
This transaction builds on TPG’s track record of partnering with companies that are embracing software and technology to make business easier and more efficient across a range of industries. TPG has a long history of investing in both platforms and software companies, including Advent Health, Airbnb, Eze Software, IMS Health, Sabre, Uber, and Vertafore. Additionally, the firm has partnered with a wide range of companies in Europe, including digital education company TES Global, niche IT recruitment firm Frank Recruitment Group, specialist owner, developer, and manager of European logistics properties P3, and leading Russian retailer Lenta.
TPG is a leading global private investment firm founded in 1992 with over $70 billion of assets under management and offices in Austin, Beijing, Dallas, Fort Worth, Hong Kong, Houston, Istanbul, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, São Paulo, Singapore, and Tokyo. TPG's investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of their portfolio. For more information, visit www.tpg.com.
About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 430 transactions. The firm’s international portfolio includes more than 80 companies.
TRANSPOREON GROUP’s leading transportation logistics cloud platform allows manufacturers, retailers and carriers to fully digitize their transportation logistics processes. Leading industry best practices provide real-time collaboration and visibility while improving efficiency and profitability of all parties involved.
The Group offers three solutions: TRANSPOREON for transportation execution, TICONTRACT for strategic sourcing of logistics services and MERCAREON for time slot management in retail distribution centers. The platform links over 1,000 shippers, 57,000 carriers and 100,000 users in over 100 countries. Established in the year 2000 in Germany, the TRANSPOREON Group is the European market leader, with fast growing presences in North America and Asia.
www.transporeon.com www.ticontract.com www.mercareon.com