TPG Capital to sell Transporeon Group to Hg

Transporeon Group (“Transporeon” or “the company”), the global cloud-based business network for industrial logistics, has announced that Hg has entered into a definitive agreement to acquire a majority interest in the company from existing investor TPG Capital (“TPG”), the global private equity platform of alternative asset firm TPG. Terms of the transaction are not being disclosed.

Headquartered in Ulm, Germany, Transporeon is a leading cloud-based logistics platform, linking manufacturers, retailers and wholesalers with logistics service providers, via the largest network of its kind. The group digitises the entire logistics-supply chain, providing software-as-a-service (SaaS) solutions that connect a global network of over 1,000 shippers and trading companies, almost 90,000 carriers, and over 100,000 users in over 100 countries.

TPG invested in Transporeon in 2016. Throughout the partnership, TPG supported management in expanding the company internationally, doubling its investment into research and development, and growing its suite of platform-enabled visibility, data and data-related products both organically and through the acquisition of market intelligence provider TIM Consult in 2018. 

"We are delighted with the progress that Transporeon has made over recent years,” said Marc-Oliver  Simon, co-founder and CEO of Transporeon. “Today we have one of the world’s leading networks for logistics connectivity offering best-in-class execution, visibility, and data products to more customers than ever before.” 

"Our partnership with TPG has been hugely rewarding and their experience in developing software companies has been very beneficial to Transporeon’s continued momentum,” said Martin Mack, co-founder and CTO of Transporeon. “We now look forward to working with Hg on the next step of our journey.”

"In Transporeon we saw an opportunity to partner with a strong management team to invest in a company that was well-positioned to emerge as a leader in the rapidly growing supply chain technology space, a sector which we’ve been closely following for many years,” said Malte Janzarik, Partner at TPG Capital. “It has been a pleasure working with the entire Transporeon team and we wish them all the best for the future.”

TPG’s technology team invests across a variety of high-growth sectors globally. Select current and past investments include C3 IoT, EverFi, LLamasoft, Noodle.ai, Transplace, Wind River, and Zscaler.

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