TPG acquires Transporeon in SBO

Katharina Semke
03 August 2016

Tweet
Facebook
LinkedIn
Google plus
Send to

TPG Capital has acquired a majority stake in German logistics software business Transporeon from Riverside Company and other shareholders.

Transporeon and its new investor hope to benefit from an ongoing trend of digitisation and automatisation in the supply chain space.

During Riverside's ownership, the business launched in new countries and enhanced its product offering.

The transaction is expected to close in the third quarter of 2016.

Previous funding
Riverside Company took a majority stake in Transporeon in September 2001, with a debt facility provided by Berenberg Bank.

Company
Founded in 2000 and based in Ulm, Transporeon's transportation logistics cloud platform allows manufacturers, retailers and carriers to digitise their transportation logistics processes. 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 business claims to link 1,000 shippers, 57,000 carriers and 100,000 users in 100 countries.

People
TPG Capital - Malte Janzarik (principal).
Riverside Company - Michael Weber (partner).
Transporeon - Peter Förster, Marc Simon, Martin Mack (co-founders).